Would love to know if these are realistic or not.Replace most of the plumbing ($2,000)Some electrical work (assuming about $6,000)New heater ($3,500)Rental grade bath ($3,500)Rental grade kitchen ($2,500)Multiple spots of sheetrock repair, skim coat, painting ($5,000)Flooring on 1st floor ($2,500)Carpet on steps and 2nd floor ($2,000)Add W+D hookup ($1,000)Appliances included in rehab cost (rental grade - $2,000)Total - $30,000Thanks everyone for viewing -- I'm just worried about the realism of the rehab and then the operating numbers.

New lighting, flooring, kitchen, roof, roof deck.

Most of the properties I am sent are outdated and would need kitchens and bathrooms redone, flooring and paint.

I'm wondering should I make any upgrades to the kitchen?

This option seems odd though as I can't imagine people would like carpet in their eating area.Option 3: Remove all laminate, install tile in eating area and try to make it look like rest of tile in kitchen.

When that is the case there is one more requirement and that is that you have to have owned the property at least 5 years before you can sell and take the primary proration.If you're mobile or have a willing significant other what could be a better retirement gig than going to all of your vacation rentals in order and living in them for a few years until you're tired of the view and it's time to redecorate.

You will not be able to replace the roof 25 year life span, appliances and hot water heater 12 year life span, hvac 20 year life span, bath and kitchen remodel 20 year life span, etc.

I could redo the kitchen and bath if I wanted to get more in rent. 

A kitchen can be painted cabinet and new laminate counters (maybe $2,000) or you could spend $10,000 on the appliances alone. 

It looks like it had some mechanical updates but how are the kitchen and bath finishes?