Actively marketing the property and handling tenant relationsCost Segregation: allows you to accelerate depreciation by breaking down the property into different components, such as personal property (appliances, carpeting, etc.) and land improvements (landscaping, parking lots, etc.), which can be depreciated over a shorter period typically 5, 7, or 15 years rather than 27.5.

That being said, I scrapped the idea and bought another rental property.One hack to consider, a colleague of mine finished a third floor, made the third floor the living room and kitchen and the second floor the two bedrooms because that scenario avoided the need for a second means of egress.

But you still have to provide (and maintain) a kitchen, a bathroom, HVAC (well maybe just heat), a water heater.

The comps in the area for MF's were at minimum 550k.Since purchasing the home there have been many updates to it to include a fully updated 2nd floor unit, updated bathrooms on both floors, new kitchen on the first floor, new roof, new driveway, new paver patio, updated front porch.

Hi, this is a high rise condo and the building is responsible for the ventilation system which is not working, not only in my unit (bathroom & kitchen) but in the entire building.

I usually spend my time, if the seller is present, keeping him/her out of the way if needed, pumping tenants for info, taking measurements for room sizes and drawing floor plans with doors and windows and noting appliances and taking pictures.We look for value add properties that are in decent structural and mechanical condition (except for one deal that we got really cheap).

I kicked a box of dishes out of the kitchen and locked the door. 

I'd rather not spend the $$ for the granite or quartz kitchen countertops. 

From those of you who have done many rehabs, and are better at interior design than I am, I am curious what suggestions you may have for this kitchen?

Kitchen and Bathrooms are the most important by far.