I was already doing painting and renovations.

A cash-flowing, large lot, alley loaded duplex that needed a new roof, painted and new floors.

Now, three years later, my tenant reported cracks in every room—paint cracking and full-line cracks in the bathroom, living room, and bedroom (walls, ceiling).A drywall contractor looked at it and said it’s normal wear and tear, but I’m concerned since it’s in every room.

The tenant fails to pay their last month's rent and leaves the place needing new flooring and paint.

I started by patching about a dozen (not small) holes in the wall, re-doing all the drywall in the bathroom, installing new shower plumbing, putting in recessed lighting, installing seamless LVP throughout, texturing/priming/painting all walls, installing new 5 inch pine baseboard all around, and installing custom bathroom vanity/pantry cabinets, and hanging new custom shaker doors in the kitchen.

Patch it and paint it.

(i.e. initial decorating and painting, bookings, rate structures, marketing, bookkeeping housekeeping, etc)? 

Interior remodel, paint, floor, appliances, fixtures, etc Lessons learned?

Painting this future image will connect your investment decisions with your goals.

It becomes their home and they can paint the walls any color they want.So, sometimes, it isn't just about the interest rate.