Also, your realtor should have given you updated sold comps to give you a better idea about what to list your flip for after repairs were completed.

The reason I ask is, I'm going to install updated fans in my primary residence which one day, will be a rental property.

Purchase price: $22,000 Cash invested: $35,000Currently rented. 1999 3 Bed 2 Bath Mobile Home Updated kitchen and master bath.

Also, any updates or advice from those in the process of an appeal? 

Strategic marketing efforts showcased the updates, quickly attracting buyers and maximizing the property's selling price to $319,000.

Mortgage 15/1 arm at $3.375% with max 4% interest increase due 15 years from July 2015 (Aug 1, 2030).Current condo monthly maintenance fee : $1036 includes water, amenities (pool, tennis court, concierge, gym, sauna, community room with pool and ping pong, maintenance)Current monthly mortgage payment: $499 interest, $504 principal Monthly taxes and insurance: $459 monthly contents insurance: $38Past Assessments: $11k for building HVAC upgrades $8k for building updates and building reservescurrent market value $400k - $425kcurrent  monthly rental median: $3100-$3200monthly landlord insurance: $45I'm also trying to decide if I should rent or sell and invest elsewhere.Appreciate all insights.

Update: After consulting with an attorney and lender we were able to form a TIC and each contribute 50%.

And the updates and progress with the change is not quick. 

These updates modernized the property, improved its curb appeal, and increased its market value.

It's updated yearly and is the best $40 you'll spend as a Landlord.