Hey BP,I posted a little about this project in another thread but wanted to post an update here.

Most of our water pipes are in the ceiling here and when one breaks it ruins the floor, plus we have had some flooding and other issues in FL.

I would definitely take care of the cracked/chipping ceilings.

Hi,I did a new roof on a rental property. I am from Texas/Houston. The roofer gave me a invoice with high level bill of material, and a statement that it has 2 years of warranty and brand name of the shingles.It does ...

Extended kitchen cabinets to ceiling to help look custom, changed all light fixtures, added cabinet hardware to cabinets, added accent walls, added swing to front porch.

I started at $500 over LTR rates and bumped it up $50 in between each tenant until I felt like I hit the ceiling.

Brickell has that same kind of potential, but with even higher rent ceilings thanks to its location.A couple of things to keep in mind as you dive in:Financing: As a first-time buyer, you might qualify for low down payment programs.

If you paid $500k and houses are appreciating $50k per year, and you think there's little to no ceiling, then maybe it makes sense to spent $15k out of pocket to keep it.

Hello  @Thomas Sheehan,If your goal is to invest in an apartment where you don't have to concern yourself with maintenance and cap Ex, this deal (or perhaps another with similar rents and lower price) could make sense.The downside to deals like this is that your rents could eventually hit a ceiling as newer apartments (some with more amenities) become available.

Some reasonable- a roof and ceiling repair from a major leak... some not so reasonable (they literally made me escrow the cost to add a deadbolt to a door).