But you also have to subtract utilities, turn costs, starting items (kitchen and cleaning items you give them), and furnishing upkeep/maintenance.

We will be adding a new kitchen and furnace and flooring.

This is a lipstick + flip.New floors, paint kitchen counters, cabinet faces, new bath, install central airWhat was the outcome?

You can always add a coat of paint, replace kitchen cabinets, but you can't move a house (well you can, but that's another thread!).

While the units needed new kitchens, baths, flooring, and paint, they were primed and ready for upgrades.

@Bryant Xavier helped me fix one of my properties after a mold remediation company left the entire kitchen stripped to the studs.

I remodeled the kitchen and the bathrooms and the master bathroom.

Your mechanicals and capital expenditures are a lot more important and more expensive to fix than a pretty kitchen. its better to live in outdated kitchen and have a well kept home with updated mechanicals/roof/hvac than one that looks pretty but will start to crumble5.

Despite the red flags—like the inferior kitchen renovations, an inspection report that didn’t tell the whole story, and a seller who tried to take the appliances that were contracted to convey —I was pot committed.

Added extra value by opening the kitchen up a bit.