If unit(s) are occupied, complete tenant due diligence.Identify a general design idea for the renovation, including materials.Determine if a bedroom and/or bathroom can be added to increase rent and ARV.

Expected rent is approx $2500/month.Both are the same model- 5 bedrooms (4 up, 1 down), 2 1/2 baths (2 up, 1/2 down) and both are in very good shape, move in ready, etc.Differences:House 1:Finished Basement, but no bathroom in basement.Gas fireplace- selling point in COPaid-for solar installation (could save renter approx $50-$100/month on electricity)Small backyard with retaining wall and trees that make it look/feel even smaller (bad for small kids and dogs).Residential street but higher traffic since it's a "feeder" to the neighborhood.House 2:Better curb appeal from street Less traffic on street.Back yard is bigger, but feels a lot bigger due to layout (better for young kids and dogs (Everyone in CO has a dog)).VERY close to excellent Elementary schoolNo fireplace.Unfinished basement.My wife and I think House 1 would be better for families with teenagers (can go to basement) and House 2 would be better for families with small kids (can play in back yard).Any advice appreciated- thanks!

For the home I owned which was comparable in size in the burbs (although it had one additional bathroom) I paid something north of $6000 (including school taxes but excluding trash collection). 

They have done lots of work on the house (new doors inside, new carpeting, freshly painted, bathroom has had some updating).

Needs $26k in kitchen and bathroom work, new appliances, soffit needs to be ripped down....anyway...

My duplex has water leaking through the downstairs bathroom ceiling (link).

Its ONE decent variable to use (of many) as long as the sizes of your comps are similar, but there are many other variables, such as exact location (near rr tracks, power lines, etc), number of bathrooms, garage/storage space, etc.

I'm going to confirm how much of the dwelling is covered by the association but what is a good rule of thumb on telling how much it would cost to redo the fixtures and tiles for the bathroom, living room, kitchen and two bedrooms with the appliances hot water heater and furnace? 

We are essentially adding on a second floor (pop top) and there is enough footprint there for 3-4 bds with one of the beds being a master suite with its own bathroom.

In 2012, I used a company in Georgia called Miracle Method to repair a fiberglass shower in my master bathroom.