Our first multi family purchase was of a property where most of those systems and the units themselves were in poor condition, such that we're having to ultimately put in about $9,000 per unit to bring them up to the point where they command higher rent and we can attract the type of tenant we want to lease to.  

How the Fourth Commandment will make you a successful investorIt never fails: each time we start a new property a contractor will ask me why they can’t work for us on Saturdays.You see, our job sites shut down on Saturdays.

Mitchell is simply stunning and a vacation haven for rentals.An unrenovated cabin anywhere in this area with a great mountain or water views can easily command $250-$300/night and up.  

I am able to command higher rents and have found that the extra rent I bring in during the warmer months offsets the higher costs in the winter.

The worse the condition and appearance the lower the rent the property will command.

rural smaller towns in IN you have to be careful as well  and again you want to buy where you can command 850 to 1200 rents.. buying in these markets and having rents sub 700 is just asking for trouble IE consistent cash flow Also if you want to take the time look at the recent Morris invest thread.. all the top turn key companies chim in on why 40k turn key is not sustainable or advisable.Its one thing for you to BRRR them .. buy doing that your probably into the home at least 10 to 20k less than buying it from a rehabber that did all the work for you... so you can move up in quality both in asset and tenant.

I think it's all about seeing what's happening in the 5-10 block vicinity of your property, and waiting for the trends to tell you what to do or not do to command more rent.

You are most likely not going to be all in on a property for $50,000 and command a rent much higher than $500 - $595.  

Self storage is pretty saturated here..My experience has been 4 plexes cost a little more per ft to build than the larger complexes but they command a little more rent.

Let's suppose you fix up a kitchen (or some other thing).Let's suppose that will allow you to command $175/month more in rent, and let's suppose you have a vacant month each year, normally.Let's further suppose that it will cost $10,000.