That cost would be added to your down payment, closing costs, loan costs in determining out of pocket costs.  

The units are also already small, and the duct work will make them fee smaller because it has to be added outside of the existing plaster walls.5) What are you planning to spend on upgrades?  

That means that the land is 33% of the total lot value, so in my example, you allocate $50,000 to Land Value and $100,000 to Building Value.Fees to demo structures are added to the land basis.Fees to rebuild or fix structures are added to the building basis.Penalties and fees are a non-deductible expense (you never get a deduction for breaking the law), but any interest added to the account can be added to basis.Legal fees - this is a tough one.  

My ideas and suggestions are intended to be added on top of the best management practices of landlording.

It is the very start of my research, and based on a call with a friend recently, I may also be adding or removing certain markets. 

Another thing that I would suggest doing is using the beadboard instead of the plain board in the bathrooms with the chair molding, IMO it looks a little nicer with the extra "bead" look to it.Another thing  I would recommend is on the exterior when you do siding, make picture frames on the windows and not J-Channels. you have to put a 2x4 around the window and put aluminum around that and the siding guy might take a little extra for it but if you beat him down and work with him, he'll do it.

A lot of investors on BP and other places focus on homes that may have a "value add" in terms of a bedroom or bathroom that could be added somewhere in the home to maximize rental opportunity.

The exterior is getting a paint job this week.New Front door will be put in.New LandscapingNew lightsNew mailboxThe Kitchen:We will be adding new stainless dishwasher and microwave, a backsplash, new lighting, white trim, and new wall paint.

The DD fee is compensation to the Seller for removing the home from the market.DD can be added to the SC Realtor contract as an addendum@Alex Franks - I don't see DD fees widely used in NC for investment property - but I have gotten DD fees for rental property, and many investors I know offer DD $.  

I guess I will be adding this to my due diligence procedures!