Building a wall and door to enclose the duct work and Hot Water Heaters - $1675Move the hot water heaters from under stairs to new room - $1265Move the washer/dryer from the laundry room under the stairs for tenant upstairs - (cutting concrete to move drain lines and installing new 220 outlet) - $3,520Remove wall in laundry. take out current door and add another door - reframe, sheetrock, - $4,180Create new bathroom with washer/dryer added, new shower/tub, new vanity, new toilet - $7150New kitchen cabinets and countertops - $4,290Move stove - new outlet - $675Replace bedroom ceiling - $715Replace pocket door in bedroom - $300Create master walk-in closet off current bedroom - $775Paint entire unit - $1300This includes labor and materials.

@Andy Mirza I went over the report with the appraiser, the only Comp I questioned was an REO in the same building that sold two  months ago that was badly damaged, water damage in two locations, old carpet, damaged kitchen floors, broken HVAC, nothing new or upgraded and that unit sold for $234,000 as an REO.Is my agent a good one is definitely a good question, After the latest price drop I told her this isn't my primary residence so I don't have the typical emotional attachments some sellers have where they want the highest prices in the neighborhood, Do we have to do these incremental small price drops, I just want what the appraisal/market says it's worth or really close to it so lets get it sold, that's when the discussion about not pricing it at appraisal came in due to the buyers wanting concessions/discounts.I didn't know over 60 days on the MLS was happening in some markets. 

The furnace and hot water heater is original. 

I'll have the option to buy the following park:$300/month lot rent (All resident owned homes)35 lotscity water/septic sewerwithin 5 miles of a Walmart (tenants pay their rent there).Located in a county of approx. 40K peopleThe previous owner dealt in all cash, there was no records at all.

I ran very conservative numbers and think I could transfer the water/sewage to the tenants, increasing my return.

Also, when it does rain hard there is some water that leaks into the basement, but in both units there is a properly working floor drain and nothing is down there to get damaged. 

We all know SD is a great spot to host short term renters during the spring and summer months, but does anyone have any idea how Airbnb's due in the Fall/Winter?

My duplex is okay per zoning and was originally built with 2 units and is metered seperate for both electrical and water. 

City water and sewage, which I pay for both units, seperate gas and electric.

How old is the roof, HVAC, and water heater?