Upgraded kitchens, bathrooms, and other items that hadn't been touched for years What was the outcome?

For the most part its just health and safety items, which are items we should have remedied anyways.As someone else mentioned, biggest thing to avoid is having the house tagged as vacant which the city will do if it sits empty for too long (handful of months, grass not cut, etc).

The 25K would go towards a rate buy down.As far as accounting for cap ex and maintenance for newly replaced/updated items, I'd still recommend doing it.

I have one in NE FLorida, he used to own 300 doors, I call him and run my deals by him, I am hoping to get smarter about deals and have him point out items to me SO THAT he can manage them for me, he manages 20 doors now instead of owning.

If you currently have a high cash flow income stream in place that allows you to weather the negative cash flow storm from your rental(s) with the intent of holding the property(ies) for appreciation, then it may make sense for you.

If I were you (and you meet the items listed above), I would definitely still move forward with licensing since you already have the property.

With two years left until military retirement, prepare for retirement and investing by building cash reserves, developing multiple income streams, and growing education.Good luck!

It is a rare off-market property that does not involve work and/or have risk items.  

., flushing the wrong items).Also, make sure you do a walkthrough yourself prior to filling the unit.

Probate in CA is another item last I've heard its around 46K fee for a 1 mil gross estate.