Also, your right, it would be smart to factor in a larger cap-ex, what do you typically use for a percentage?  

Could they try and fight possible renovations or anything like that?

I understand that risk is a large part of using larger leverage for rental properties. 

We bought a vacant property, completely renovated it, and are now waiting on what will hopefully be a quick offer. 

When I told everyone that I would be able to get more in rent, no one believed me and said I was making a horrible mistake.Flash forward to now, we kicked the first floor out, renovated that and turned it into our unit. 

He has the knowledge and skills to tackle any construction or renovation project.

My other properties have maintained 100% occupancy since renovation.

I was happy with a $70,000+ renovation in 3 months of work.

I am local to Baltimore and working with a renovation company.

I am currently renovating and restoring a 3500 sq ft 5 bed 4 bath duplex on almost an acre off Michigan Rd in Washington Township.