We've been continuously improving it, but it has been working exceptionally well for us since we hired a developer for the complete build-out a year ago.

You'll improve over time, but this basic formula remains.1.

A solid strategy is to look at recently renovated properties in the same neighborhood that have sold and compare their finishes, square footage, and layout to your potential investment.As for value-adds, some of the biggest ARV boosters I’ve seen include:•Adding extra bedrooms/bathrooms if the layout allows•Upgrading kitchens & bathrooms (modern finishes, quartz/granite countertops)•Improving curb appeal (landscaping, exterior paint, new doors/windows)•Enhancing tenant experience (in-unit laundry, smart locks, better lighting)If you’re serious about making moves, I’d love to help—I can even fund your project if you’re looking for financing.

With down payments, improvements, commissions, title work, holding costs etc....

These typically include services like renters insurance, HVAC filter delivery, pest control, and sometimes utility management.

Keep detailed records of income, expenses, and improvements, and choose the right filing approach based on your comfort level with these rules.This post does not create a CPA-Client relationship.

Quote from @Devin James: We’ve slowly been improving our homes the more we’ve built and the more feedback we get from our Buyers2021 – Added 8ft doors throughout the home2022 – Added a new elevation with stone in the front of the home2023 – NO carpet in the bedrooms, LVP throughout the home2024 – Added hurricane impact windows & new color options2025 – Adding Ceiling FansGotta be open to feedback and adjust accordinglyThis can be the difference of your home sitting on the market for 4 months vs 1 month where's the modifications and pictures?

.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?

Also, in order to get financing the lender wouldn’t allow SCI to dramatically overpay or they wouldn’t meet the debt service requirements.

Having a lease in place will help you as well - some lenders won't refi a vacant property.For your refi, you're usually looking at 75-80% max LTV with a debt service loan.