Here are some examples of minimum requirements for conventional financing:Roofs are required to have at least 3 years remaining life.Pools must be clean and operating.FNMA requires the comment, “Water and Power were turned on and operating properly at time of inspection [appraisal].”Heat is required, but not A/CNo serious structural issues.Kitchen must have a working sink and cabinets.Don’t need appliances.

For example, i just finished completely remodeling a 12 unit apartment and it cost me about 9k per unit (granted that's new appliances, flooring, paint, everything, basically)If something is renting for $375 it will likely need an extensive rehab in order to achieve over $600. 

Newer appliances, impeccable wood flooring, newer windows, crown molding, quiet (especially considering the amount of business traffic in the area).

I never put any appliances in my places.

If you have a nice kitchen and newer appliances, you can get up to $950 for 1,000 sf.

The house was a gut rehab and is unfurnished with brand new everything, stainless steel appliances, granite countertops, etc.

Our hope is to connect with someone talented and reputable ASAP so that they can give us quotes as soon as our inspection is completed this coming Monday, for work to be done after closing.The duplex is a 2 story home with full attic & partially finished basement built in 1820, so depending on what we hear from the inspectior we may be in need of someone with experience working in historic/older homes.At the very least we know that the two units will need cosmetic work; new floors, counters, cabinets, appliances, tile & paint.

Our hope is to connect with someone talented and reputable ASAP so that they can give us quotes as soon as our inspection is completed this coming Monday, for work to be done after closing.The duplex is a 2 story home with full attic & partially finished basement built in 1820, so depending on what we hear from the inspectior we may be in need of someone with experience working in historic/older homes.At the very least we know that the two units will need cosmetic work; new floors, counters, cabinets, appliances, tile & paint.

I found they are easy to work with and your rightthe passive returns are 12- 18 % on B class homes .I run a appliance repair business in the bay area and this investment takes very little time .The group is truly educational with no high pressure sales tactics, so that allowed me to do additional research and go at my own pace.

As far as I know each unit has separate major appliances including water heater, plus then a roof for the duplex and one for the garage.