We are having a full on discussion today regarding our expectations and asking all of these great valid questions while doing so. 

If you have to go through the utilities companies for city hook ups or gas or electric?

We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!

The tenants only have to pay electric and they get parking, and a garage while I cover water, sewer, trash, and gas. 

Without a VERY good and valid reason, it may be fraud.You may want to get an attorney involved and/or the appropriate state board.

Coming from oil and gas and healthcare, we’re new to this industry but driven by the same values that guide us in life: family, hard work, and dedication.

Then I asked her when was the last time you saw a heat pump with a gas line going to it , and the words on the front of the furnace says Reem Gas furnace ? 

Valid 

From there you can enter new, valid leases with them so everything is buttoned up moving forward.

I see this a lot, and I think there's been so many bad projection tools on the market that the "what did this house earn" is a valid question.For investment properties there is a true number and buyers want to know how that compares to the projections.