I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.

Paint some cabinets.

We reigned in the budget for some painting and minor handyman work .. and she obliged to our budgetary restraints .House is being shown as we speak.

Too many investors overpaid for STRs in popular vacation destinations and painted themselves into a corner where the property only works as an STR.

Wife was painting and poked a hole thru sheetrock with her finger into a hornets nest in the wall.

Purchased it for $65,000.00 and replaced the plumbing, floors, cabinets, and painted for 18k.

Sell and start fresh. 

Some of your quotes from this thread will be used as supporting material in the production.As some of you may have guessed, a lot of information about her has been removed since her case came to light so it's sort of difficult to piece this story togetherIf anyone has any information they'd like to share that would help paint a clearer picture of her actions and the damage she's caused, please reach out to me.

Let’s try to paint a slightly different picture.

Until you spend 20k on paint and some new kitchen appliances, but the roof and foundation are still shot and the 100k ARV is more like 70k in reality.