Understand and meet all the needs of everyone involved and you will stand out from the crowd of competitors in your market.

If the renovations are significant and the market supports them, the property will likely stand out.

That is not necessarily true of other amenities like a putting green, unless you’re in a place where that is desired by your guest and can help you stand out (eg Arizona markets).

They really do stand out in a neighborhood plus I doubt you could get permits to build in a established area.Much easy to build on a larger plot of land in the boonies, which is where I see most of these.In the end, once you get them looking nice, you could have done a stick built house or even a log cabin if you can harvest materials on your land for about the same or less.

@Ana Lidia Standing If you can add more details the community can provide a better answer.1.

Although this was the first time the IRS formally focused on this issue, it is now clear that the IRS will disallow basis adjustment on assets held in an IDGT.IRC § 1014Internal Revenue Code § 1014 has been a long-standing tenant of the US tax code, dating back to the early 1930’s where it was formally classified under Section 811, Title 26 of the Internal Revenue Code.

It is worth it to know where you stand.

  $98,000 cash has been put into the properties (one duplex, one 5-plex, one 4 bed single family...three total properties)Each property must stand on its own, so the numbers would need to be split accordingly. 

I have a piece of land behind an existing rental that is almost 1.5 times the size of the standing triplex. 

I have my MBA in Real Estate Finance and stand by its power and elegance..