Instead, we are looking at properties that may need some cosmetic upgrades, but nothing major. 

Currently owe 3.5M on the property.After getting the property rezoned for cannabis cultivation and processing and doing multiple building upgrades it was just appraised for 6M.The state has finally issued the license for cultivation (works similarly to liquor license where it’s attached to the real estate) therefore further increasing asset value.

@Keith TorsenBeing in the middle of a great property in California that we have successfully rented out for 3 years at pretty high rent ($3100) that is brand new and upgraded throughout (built in 2016) I can say that this is a really bad idea.

If not then you'll want to find a property manager and come up with a plan of increasing rent and upgrading the units. 

Very good point, thank you.And yes, inspection - we know everything that needs to be done, have contractor estimates for all the work we can't do, and lots of knowledge for many upgrades and repairs we can do ourselves.

Sweet, sour, service really stuck with me as I loved the idea of reflecting on your day and consciously recalling something that was positive and something you did to be of service to others.

Put in your creativity and make the significant repairs whether it is for a paint job, upgrading the interior, or replacing an old cabinet.

If the tenants are great potential long term I do what rent like a pro saysTell them it’s 4 percent but if they sign now it’s 2 percent plus you’ll upgrade an appliance, which is an investment in your property

Cosmetic upgrades are ok but no major rehabs.One big hurdle we foresee in the Capital District is finding a property manager.  

For legal basement suites you may need to do upgrades to meet fire regulations.