He can pay for the electrician to make upgrades if it's that important to him.As you grow, it's important that you not tailor your policies and procedures for each individual.

That leaves almost $32,000 in cash flow per year. 3) That amount of cash would allow you to pay off the building in full, take care of CapEx, and/or set aside a decent amount of money to do the upgrades needed if the tenant leaves. 4) When a tenant leaves, you often have the opportunity to increase the rent or re-purpose the building to us highest and best use.

Upgraded the kitchen, bathrooms, and windows.

By Kari Klaus, Founder of RealtySage.comIf you’ve upgraded your home in the past 10 years then you’ve probably added smart technology like NEST thermostats, or why you chose Alexa powered lights and Ring doorbells and likely some energy efficient or water saving features.

But we were able to pull the permits fairly quickly, made it through inspections during remodel, and had a good sized hiccup at final inspection with the City wanted additional electrical upgrades, even though the home passed rough electric.

This would include the changes/upgrades to the house.Whether you do it yourself or pay/get someone to do it, I would make sure you were getting the ARV of a 3/2 at that location with the final characteristics your house will have. 

We are considering down the road after we have our next houses bought we can go back and upgrade it then. 

We will gradually increase the rent to fair market rates and if a unit vacates, put in $2500 in upgrades and increase it immediately to $900-$950.We're buying them as 50/50 partners with him bringing the cash to close and me bringing the deal, lender, and managing the renovations and PM.

If the power doesn't need to be upgraded and you're talking about replacing or installing everything HVAC related you would probably be looking at $5k to $7k if it's a newer house.

Find a contractor who can give you a ball park number (before you sign anything on the business, you want a firm estimate) on what you want to spend on upgrades.