I might consider living in the house and paying the monthly nut while we're making upgrades. 

I thought it would be an easy process, had all the math done, turned a mixed use into a fourplex, lots of upgrades but now I find out there is no real refinancing options to recover the cash investment I did to upgrade the property. 

Hi, I see that this question has been asked before but I can't view it unless I upgrade my account :/ Pretty dumb right.

Hi all, I recently upgraded my account to Pro and have been playing around with the BP Rental calculator with a particular property and was hoping to get some critiques or pointers on how I can improve my analysis...Case in point, I chose this property to analyze:https://www.redfin.com/CA/Roseville/344-Main-St-95...http://www.realtor.com/realestateandhomes-detail/3...Link to my BP rental property report:https://bp-v-newproduction.s3.amazonaws.com/upload...How I came up with the values:- For annual property taxes ($2726) I took from the realtor.com link for 2016- For closing cost, I chose the highest suggested ($2500) - Estimated repair cost ($5000) the property looks decent, but chose $5000 figuring there will be a need to repair something.- Selected 25% at 4% interest rate, Left points charged and cap rate as blank.

I had my windows broken out at homes in Rochester Hills, Madison Heights, I have had my tires stolen in Sterling Heights.  

An identical floor plan & SF, 2 BR condo can vary $50k where I live depending on the upgrades (original or upgraded kitchen, baths, floors?)

Do note that this approach is not always possible (if the common infrastructure and systems of the building need upgrading) or desirable (sometimes it is easier, cheaper, and more expedient to deal with an empty building). 

The verbiage of the lease is that the two month's rent she is liable to pay is a cancellation FEE, and not to be treated as rent, since she has vacated the unit and broken the lease early.

We are upgrading to a single family home and decided to rent out the townhouse so we wouldn't lose money if we sold because there has been no appreciation since we purchased 5 years ago (and this is a new development so they are still building).Upon researching how to be an accidental landlord I stumbled upon biggerpockets.com and all the amazing free resources and information.  

Say $20K for upgrades and $5K for holding costs.