Details Location: Indianapolis 3 Bedroom / 1 Bathroom Completely rehabbed in 2013, list of renovations include: New decking, new roof, all new joists, insulation, drywall, all new plumbing, all new electrical, new exterior siding, new flooring in all rooms, new kitchen cabinets, new kitchen counter tops and sink, new shower/tub & surround, new vanity, new toilet, all new light fixtures, new tile flooring, new carpets, new doors, new paint in all rooms.

I have a decent log of contractors that I've used for various projects (great electrician, plumber, floor guy, countertops, etc.) but with the scope of the work I was hoping to get a general contractor who has experience coordinating larger jobs.  

So far my experience with having an investment property has been great, but I know this always isn't the case.When we move I plan on getting my real estate license, but also have a passion for rehab and woodworking (counter tops, furniture) so may want to get into some flips.Maybe not the right place for questions, but I keep going back and forth whether we should continue to rent the property that my mother in law will be leaving and rent our current home, sell one or both and not have to worry about managing properties from across the country.

I plan to phone interview them and make my final decision in the coming weeks when we fly out to the house to meet with the top candidates#2  Figure out if I want to do light rehab - paint/carpet vs. medium rehab (old 1997 kitchen that needs new countertop, oven-range, and new sink)#3 Timing.  

I have been told several investors (possibly including the brokers that were representing me) purchased the duplex, did significant work on one unit (removed wall separating kitchen from living room, upgraded all kitchen appliances, cabinets, fixtures, and countertops, painted, refinished bathroom with new tile, fixtures, and new flooring).

Although the cabinets and countertops are new, I don't love them.

If you do the walls white paint the top cabinets cream, something that goes with the countertop.

Examples: granite countertops or formica?

Other than that it is laminate counter tops, golden oak cabinets, brass fixtures, 4 inch white tile baths, you get the idea... 2001.Based on my research of comps on rentals.com it is very obvious that there is a line somewhere of diminishing returns when updating a rental, but I haven't been able to exactly pinpoint it yet.

Sometimes new investors think "if I put granite counter tops in I'll get more rent than the typical Formica in my area".