They all have their own separate oil tanks/electric meters etc. and there is well water.

New roof, new water heater, new Electrical panel, New HVAC, new Concrete driveway, new Concrete steps & walkout basement, Open space of kitchen and living room, fully finished basement with wet bar and new full bathroom, new windows.

We added a door that we deadbolt to separate our side from the airbnb side, and I had to have some electric outlets and an overhead light to the airbnb side, but other than that everything was updated already and we just had to furnish the property which was really nice and made the process pretty easy. 

Marble backsplashes, all new kitchens, bathrooms, HVAC, electrical, refinished hardwood flooring, etc, all with the idea that we would get better tenants, higher rents, lower vacancies, and less maintenance/repair requests. 

Hello Daphne,It’s great to hear that you’ve caught the real estate investing bug!

I love the idea of renovating your carriage house - does it have any water and electric hookups already?

As far as positive ROI - I'd like feedback on the following items:-Switching to tankless hot water heater (current water heater doesn't look so hot)-Upgrading electric panel to a Span Smart Panel.

This will cover the unit’s condition, including plumbing, electrical systems, and any visible structural issues.

On one of my units the property has shared electric with another unit I own.

No but it would bug the crap out of me knowing I could buy one for $450 and pay a handyman $150 to put it in.