They will also ensure they grow or at least break even and get all of the equity out invested to move on and find another (Repeat).If you haven't I would do research in the area to see if there are homes of similar size that have been RENO'd / Upgraded that are being rented for more than that current $1,100.00 pm.

Even if something is cheap, when you multiply by 11, not so much; we'll be doing major upgrades slowly.

It has electric now, but I would have to upgrade the panel.My question...

After upgrading the office I would like to know what the new value is especially in case I can get access to a LoC or refi based on the new value.Would a new appraisal cost as much or are there less expensive options since the property is not being sold? 

It’s not a high end rental so I have shied away from Windermere so far because the several property managers I have interviewed always encourage a lot of upgrades and price increases that are inappropriate for my neighborhood.Not that it’s a dump!

If you find nice upgraded homes in your area and you find a couple that are rented it could make sense to do some nice upgrades in the kitchen and bathroom.

Upgraded common area fixtures (doors, carpet etc).

I currently work a full-time job in the IT field near Dearborn, MI.I was also considering upgrading to a new home and turning my current home into a rental.

I upgraded to Pro couple weeks ago.

From their I upgraded appliances and have done some remodeling between leases.