Additionally, upgrading the finishes can increase the value of the property and make it more competitive in the market.

For me I would rather sell it all and put the money to the CD, it's not even worth it anymore considering the low cap rate and huge additional supply that keeps coming up.

Hey Joseph, I 100% understand what you're going through.My wife and I used a HELOC, 401(k) loans, and even an additional personal loan to acquire rental properties in Detroit from 2019-2021 ultimately acquiring 12-doors.We paid cash, renovated when necessary but some were also turnkey, and refinanced out on the backend.

However, when you sell the home, you will owe 20% of any appreciation on the home in addition to whatever you borrowed.My intention going into this was to house hack for a year or so and then refinance.

This is why it is important to make sure your day to day operations are run properly and every vendor who performs work at your property and /or on behalf of you is properly insured and you are added as additional insured under their policy (not merely a certificate holder). 

Additionally, a higher occupancy often translates to more frequent disputes among tenants.

By renting out the additional units, investors can cover their mortgage and expenses while generating passive income.2.

@Forest Wu Here's an article with additional FAQs on cost segregation studies that you may find helpful.

A lot of my clients have gotten stuck with major loan payoffs if they decide to sell their homes as they really don't add any equity here and most buyers don't want to take on the additional loan, some have had their home owners insurance drop them, and like you, they ended up costing more then just paying your electric bill. 

Additionally, real estate isn't rocket science.