I'll be adding value based on the Scope of Work which will consist of cosmetic improvements to include the following: painting of interior/exterior, power washing, cutting of lake grass, upgrading bathrooms, new kitchen appliances as the kitchen cabinets are in great condition, upgrading of electrical outlets, installing of new lighting fixtures, cleaning of tile flooring and etc.

There is a well document syndrome in the medical journals  called  " Burnt out landlord Syndrome"  :) and believe me its real.there is no doubt a personality type that does best at being a landlord.. and it really depends also to some extent on the asset class.but on the high end stuff when I had rentals I had 14 SFRs that were new construction that I held all 200 to 250k homes.. and those tenants while fully qualified and never missed rent and did not destroy the house's.. they were on the other end.IE I want to up grade my appliances to stainless.. or can you please replace the tile counter tops which were standard in the day with slab granite..

@Jaysen Medhurst add value, no, the property has already been upgraded, but I can add an on-site laundry facility.

I have been evaluating real estate deals for flip properties & rental property opportunities and have been struggling with estimating the repair costs for properties that are stripped or are requiring more work than the standard renovation upgrades.

All of these features help the tenant find a better home with more upgrades along with providing the investor with a quality home built to last and sure to perform much better with low maintenance and turn costs.

BP has a rental property calculator that you can use up to 5 times or upgrade to pro and have unlimited uses.

Upgrade to pro and use it as much as you want.

You might buy one of the comps for 130k and the find yourself spending 50k in upgrades in the next 2 years.

Purchase price: $10,000 Cash invested: $6,000 Sale price: $32,000 This was a "House Hack" project I recently SOLD. 2 Bedroom/ 1.5 Bath with a 2 Car Garage, upgraded HVAC, plumbing, with some electrical upgrades.

There are a few ways we will be maximizing the potential of this property (i.e. impact windows and kitchen upgrades).