However, it comes with a laundry list of cons that may not align with any other goals you may have.You'll want to consult your tax professional and attorney before you take action. 

For example, a resort style park with seasonal senior tenants will usually have recreational activities and courts, pool and spa, clubhouse with bathrooms and showers, laundry, and manicured landscaping, which all have an impact on expenses. 

_________________________________________________________________________________________________With Real Estate syndication you can do things like raise rents, decrease expenses, renovate the building, add amenities such as a swimming pool, spa, or gym, hire new property management, add units, add services such as laundry, valet parking, or online rent payments, and much more.

There is laundry services in the area but we offer convenience for tenants in the building for lower price.

Yes things like taking baths and doing lots of laundry will increase your water usage, but this seems to be beyond what the new tenants could cause.I have had leaky toilets where the flapper got caught open and ran for a day or more.

Say large laundry basket for used towels in bathroom, or whatever the plan is.Lockable doors on the bedrooms.Laundry.Some sort of tv, workstation in the room, even of the workstation is a comfortable chair and maybe a computer cooling station that they can put their computer on and place on their lap. 

What I did:Painted walls and ceilings with sherwin williams superpaint dover white.Trim and kitchen wainscoting was painted with super paint semi gloss white.Ripped out plaster tub surround and replaced with cement board that was waterproofed and tiled.Replaced some missing shingles on garage roof.Replaced old shower valve with single handle valve.Replaced garbage disposal.Replaced old outlets/switches with new white outlets/switches/plate covers.Jacked up sagging portion of house and sistered three of the joists and replaced the rotted sill plate.Removed vinyl tile from laundry floor and painted the concrete with grey floor paint.Before photos:  Apologies if they are sideways or upside down...The after photos can be seen on my zillow ad, https://www.zillow.com/homes/17439-cicotte_rb/88664724_zpid/?

We've lined up a majority of work in our scope and scheduled out most of it: Plumbing for a bathroom and kitchen - $3,800Crawlspace repairs to fix some prior shady work & even out some unlevel areas - $3,650Tile 2 kitchens & 2 bathrooms - $1,800Drywall repairs - $400Add railings and supports to half-finished back deck - $2,800Install 2 interior doors - $300Fix a rotted Yankee gutter and repair some cracked fiberglass cement siding - $1,8002 full appliance suites (Kitchen/Laundry) - $6,000Fix one broken window - $250Relocate three HVAC vents - $900Still, a bit to be quoted/scheduled, but so far we are below our projected rehab budget of $41,250.

We have added a Large family room, bedroom, bathroom, storage room, laundry room, and sitting room/study (we homeschool sooo this was needed).

Hi Everyone,One of my rentals has a washing machine flashing an error and will not run.