Tarp on section of the roof for several months, paint chipping, landscaping and parking lot needs work, just looks drab.

We use the commercial unit for a landscaping company I own and rent out a three bedroom home that is attached.

Original owner bought it for $80K 5 years prior....completely remodeled the inside kitchen, bathrooms, put on a new deck, and landscaping, and went through a divorce and needed to sell quickly.

New kitchen cabinets, interior and exterior paint, removed over grown landscaping and put new LVT flooring in the bathroom.

I am a professional arborist and landscaper.

You can also run this by your accountant to clarify what to put on each line.Since you have a duplex and one side is for personal use, I would half shared expenses (such as a new roof, landscaping, etc.).

I've done it before where I literally asked for the CC&R's and bylaws of other other condo buildings, see what they included to understand what I need to provide in the market that I'm in and then quote out all the services: landscaping, utilities, look at their budget/reservers, and get insurance quotes.

Most of the work like paint interior and exterior, flooring, landscaping and other small random things will be done by myself.

This compression is directly correlated with several extrinsic variables such as interest rates, demand, inventory, economic expansion etc.Even if rents were to, theoretically, stay the same, it would be the extrinsic variables that would ultimately cause the valuation of your property to increase or decrease.In the end, cap rates are simply a starting point in valuing a property because the true value of your property is set by the amount of money that someone is willing to of for it.

Stop trying to get a read on the crystal ball and follow basics of investing and decide if it’s a good purchase or not and not whether it’s a purchase during a recession or expansion.