May need to be upgraded when/if she moves out when the lease is up. 

We are planning to upgrade all the units and increase rent by using quality material. 

Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100. 

So, providing accurate and detailed information in your real estate listing is essential.To provide accurate and detailed information, follow these tips:Include information on the property’s size, location, and amenitiesMention any recent renovations or upgrades to convey the value addition that has gone into the propertyProvide information on the surrounding area, such as schools, parks, and shoppingBe honest and transparent about any issues or repairs that need to be made – nothing turns off a buyer faster than the feeling that they may have been lied toRemember, providing accurate and detailed information can help build trust with potential buyers and increase the chances of a successful sale.

No turnover, no replacing the roof, the hot water heater, the broken AC, no vacancy, no tenant hassles, etc… pest control, electrical issues, plumbing issues, septic issues, no renovations from wear and tear (you get the picture).  

Hi all, There's a 125 year old MF property that I have my eye on, but it needs upgrades (roofing, electrical is very old, mechanical is ad hoc, asbestos mitigation, etc.).

The fees can dip into your profits and eat at your cash flow.For older homes: The upside is they offer the chance for more cash flow and equity through smart upgrades.

It's also at the end (of the street, no neighbors/more privacy on one side) adjacent to the city pool and a park that's about to be upgraded by the city. 

I would explain to the client the work that’s being done & ask them how they would like to operate because you have to do the upgrade. let them decide how they’ll move. 

Some investors choose or get forced based on code to upgrade the excessing panel to 200amps.