I put a lot of work in... new paint, refrigerators,and refurbished hardwood in each unit. new cabinets and cut out wall with counter top in two units. had the floored pulled up and tiled in one of the kitchens as well. new coin operated washer and drier in basement. separated the hot water heaters and boilers of each unit because they where all on one big meter because it was owned by an agency. a lot of work at least for me, i put in a lot of time as well has hired friends and a contractor. however i still did not spend the 45k i projected, i spent under 15k big difference but could only get the price down to 140k. 

Also needs a stove, fridge, and kitchen countertops (probably would be fine with what they have, but I want to do it right to attract responsible tenants). 

For insurance coverage one way is by finding out how much other owners in the development paid for recent upgrades, such as new flooring, cabinetry and counter tops.

I think it was the granite counter top that I mentioned because the wife at that point had glossy eyes. :) That was my queue it was a lock!

Granite countertops and stainless appliances won't get you any extra rent. 

So I figure a decent sized family home with moderate upgrades (i.e. kitchen (countertops, sink), bathroom, bedroom (closets), possibly hardwood floors) would get buyers.

If you have done your research and due diligence then you are going to know if that great looking 300 dollar formica countertop and stick on vinyl floor versus the 2000 dollar granite and ceramic tile floor is going to be acceptable in your price range and neighborhood.          

Figure what that may be- new carpet or flooring, doors, paint and countertops- that number can be big depending on what condition your renters leave it.

We are trying to get two separate bids: 1) to move the refrigerator from the close wall and put it where the pantry is currently, and open up the pass through window up to the ducting and as wide as possible. 2) update the counter tops in the kitchen and bathroom with granite, new fixtures.Attached is a picture.

Can someone tell me if granite is indeed the standard for most new construction countertops?