Same wires, just needs a new receptacle in the wall and some reworking and a new breaker in the panel.

Owners tried to rework things early on but just never could get ahead. 

Good point...lol, no would have the tenant pay utilities...I will re-work my numbers!

Double check your are able to do this.If you plan to use the BRRRR strategy you need to rework your numbers to where they make sense for you.  

We recently purchased a three-unit rental property.We want to do some renovation work immediately, and plan to conduct more extensive renovations on the property over the coming years.Currently, the water heater and t...

That was my first analysis and based on your input I think I will need to rework the numbers.

I'm probably overthinking this, but I'd rather invest in the right strategy now rather than reworking and/or spending more down the road.And in the case of this newest rental, it will need new locks for the front door, side door and garage service door.I guess I'm not keen on having multiple keys for the same property so mixing and matching the schlage with landlordlocks won't work.  

I got my license for investing, but I can also spare 20-30 hrs per week for my “side hustle”  My job also has lots of down time while I’m on the clock to be able to be online and doing RE work. 

I will rework with new numbers.

One reason is if its been reworked and one is NPN they feel it could not perform again and owner occ note in NY can take YEARS to foreclose on..