Not everyone maintains the lawn/landscape, fencing, etc like they should.

If you can't get a contractor over there right away a ballpark figure of $20,000 per unit for carpet, fixtures, appliances, stripping wallpaper, texturing, painting, new windows, wood pest repairs, landscaping, systems repairs (heating, air, plumbing, electrical, roof, siding, doors) suggests a budget of $80,000 or more.* Hire professionals to do all the skilled work.

That's because you're comparing them against everything else.So, I'll typically do all of the following in a typical renovation:- Paint the entire interior- Replace all the flooring- Replace the cabinets- Replace the countertops- Replace the applicances- Replace all lighting fixtures- Replace all plumbing fixtures- Refinish hardwoods- Replace all doorknobs, outlets, switches and cover platesOn top of that, I'll do any mechanical repairs necessary, any exterior repairs necessary and replace anything else that might detract from the aesthetics.

Periodically if it's a long rehab I'll leave a light on in a random room each night.

As @Steven Hamilton II says the land is never depreciated.There are some components of the land that could be depreciated, but are typically not itemized as such.For example:Trees & shrubs have a certain life span and destroyed over timeSidewalksDrivewaysUnderground pipesSeptic systemsParking lotOutside light standards

I leave lights on, radio playing inside the house, signs indicating security systems on property and also ask my friends and neighbors to keep an eye out, and let them know when I have a vacancy.

I've had a landscaping company the past three years and have difficulty going the conventional route.

Hey @David Light Thanks for jumping in and introducing yourself!

(an outside light, the fans on the furnaces, etc)Do you plan on managing the property yourself?

They are fugal and aren't going to be allured into paying the top of the market because the kitchen has granite and cute little pendant lights over the island.3) Someone that maybe just has a great JOB and even though they have accumulated that much cash they are not necessarily all that investment savvy and would be more likely to use that as a big downpayment on a $600-800K+ house.4) Someone who has so much money that $200K is a drop in the bucket and will buy a much more expensive home either with financing or a lot more cash.Part of my "bias" is that $200K is actually a lower end price point in MA.