As soon as the family is out, I will have new mirrored wardrobe doors, new baseboard, new paint and probably new carpet and a few other upgrades.

And 2) We have room in the rehab budget to make substantial upgrades to this property so those of you chiming in who know the market, what are 3 top things renters look for, vs. 3 top things buyers look for?

Maybe put in an upgrade if needed.

It might be replacing cracked tile, upgrading to all GFI in the kitchen, addressing a roof leak, but be prepared that there will be some fixes in the 1st year.  

If I could find another commercial lender that funds short term resales or double closings on 1-4 units for CA residents buying in the greater Chicago area that would be a nice upgrade for my clients.

Purchase price: $285,000 Cash invested: $45,000 Full upgrade remodel.

I have done quite a bit of remodel, upgrade, repair and rehab work on my own primary homes as well as my father in law’s SF rentals over the last 15 years or so.

Furniture upgrades are another we see around this time.

We added a lot of upgrades when we will built it as well as over the last 3 years (accent tile in bathroom, irrigation, privacy fence, shiplap, professional landscaping).

I have yet to upgrade to Bigger Pocket's paid membership yet I already have most of what was in the offer from PS as a resource with BP.