That excludes major remodels and improvements, but does cover my basic maintenance and day to day.

But this property is one that I hope to eventually remodel into my own home in 10/15 years so I don’t want to let it go.

It would need an entire remodel to make it liveable and/or lease eligible.Fortunately, the taxes are very cheap so it isn't a burden but, if it's stagnant, it is an unnecessary expense.

We have remodeled the entire interior.

Kitchen and bathroom remodeled on 1st and 2nd floor.

I recently had my rental property thoroughly remodeled w/ my property management in charge.They took a month to get a tenant.

I am currently under contract to sell our first home that we had remodeled and after we close I will start building our next home for which we already have land.

Any advice for other actions to take to ensure a smooth handover and/or tips on how to encourage current residents to move along so that I can remodel and raise rents besides buying them out?

I work in remodeling so I’m planning on doing the majority of the work myself while renting out a couple bedrooms to friends as I’m in college and don’t have a ton of stuff going on.

But, if they stay low, major acquisitions and remodels begin to make a whole lot of sense, in ways they never will in a 10% Cap Rate environment.Just ask @Ben Leybovich how this is working out in Phoenix for him.