Now I'm thinking about upgrading to their premium version. 

But we do have that option in year 3 and after.Other than that we have no debt.So, any upgrades to our duplexes will be from our cash.This is our plans for year one and two.Year one I get a duplex, then again year two.

Focus on understanding the path of progress, identifying rental properties with the most potential, learning the seasonality trends, and figuring out which upgrades will really move the needle in that area.

@Leo Gregoire20 years ago it was over leverageTen year ago it was Over renovated properties in areas that did not need to have upgraded finishes.Today it’s being patient.

I would have simply said they the ceiling fan stays when they move out as its an upgrade and a light fixture is a "fixture" aka once attached to real estate it legally becomes part of the real estate and YOUR (the landlord's) property.

Other than perhaps property taxes, turnover is generally the biggest single operating expense you will endure as a buy-and-hold real estate investor.

There is new hvac and some upgrades done to the assistant living facility , it’s just the person who owned the place passed and the family doesn’t want to continue running it.

It will take a huge amount of work to upgrade the property which has not been properly maintained, so we'll be doing a lot of infrastructure rehab including adding HVAC/AC, upgrading the wiring, and bringing the old floors back to life.

You can upgrade location, year built, and cash flow through a 1031 exchange.

You would be better served upgrading from your last one and becoming a small partner in a flip where you could bring your sweat equity and some cash and learn on the job more when it's not a family member.