To reinforce what I said about making sure the credit tenant is proven and sustainable all you have to do is look back on the past 15 years or so:2009-2012: frozen yogurt 2012-2014: “new and improved burger” spots2014-2015: spin class2015-2016: megaformer and Pilates2016-2017: poke bowl2021-2022: "new and improved cookie" spots2021-2023: indoor golf2024: pickleball(5) If you are in a situation where seeking an F&B operator, be aware at this time these operators are seeking very high T&I allowances which may not be a worthwhile investment for you to make.

Based on the photos we wouldn't recommend a full paint job.

Ideally doing some value-add improvements during that 1yr. 

My wife and I both have decent paying jobs, but after paying rent, vehicles, student loans, etc, there’s not much left over for saving, let alone 20% down.

For tax purposes, remodeling costs like the kitchen and flooring are considered capital improvements and depreciated over 27.5 years.

Just remember to consider the local job market, population growth, and rental demand when making your decision.

If they can do the job for that price, you should hire them immediately!

I was in between jobs for the moment but now moving to Omaha which will allow me to get connected to other investors once I’m there.Makes sense and good luck with everything! 

I got a lien on the house they were flipping, all looked good on paper, then I found out they were using my $60K to improve their personal house!

New roof, siding, soffit, fascia, flooring upstair, repair fencing, yard work/landscaping, new flooring upstairs, new vanities, kitchen remodel, new paint job What was the outcome?