It was a full cosmetic renovation with what I would call standard upgrades, floors, paints, windows, baths, kitchen, appliances, landscaping, etc.

She has moved to an assisted living facility and we purchased it from the family.

She has moved to an assisted living facility and we purchased it from the family.

A landlord is held to higher standard.

Before you raise the rents to be in line with the current market be sure you have the capital and resources to get the units in line with the current standards that are bringing in those significantly higher rents.  

Just to name a few there is OSU college which is a real estate super power that develops land and buildings at a crazy pace, L Brands (Victoria Secret and Bath and Body Works), and Battelle a well-known large government research facility. 

These folks get deleted.The standard response to the ad is "is it available?". 

We have a facility in Southern Cal that we are looking to refi out our SBA tranche (long story on why we want to explore taking this out).

I talked to one loan officer and he said that I would basically have to start off with a standard renter and then once the refinance was a place I can do what I want to with the property.

It also relieves you of having to be the bad guy because you are just following the lease.In most, if not all standard leases, there are clauses that address the condition of the property, and the Tenant's responsibilities to maintain the condition, and then an escalation to allow the Landlord to resolve at the Tenant's expense.