Now I'm not saying that above-average finishes don't attract more buyers to sign on the dotted line, but unless the appraiser notices that quality, the buyer will still need to bring $$ to closing. 

Keep this in mind as it impacts potential rents, quality of tenants you will attract, and the quality of finishes needed for a BRRRR. 

Lowering the bar that much could lead to lower quality property management for would be tenants.

Giving your residents a quality plunger for free may also be a good idea.Next, you need to know why the toilet is backing up. 

Of course you can do bare minimum, but in my experience it all just compounds with a slightly lower quality tenant next round, whom is a little rougher on unit, and then the next turn costs even more.As for Capex, yes, increasing your costs does hurt returns.  

Because you are utilizing a HM lender for funding does not guarantee you can close the deal, so it is not the same as an all cash offer even though they can close with the speed of one.

Better quality and holds up well and I can install myself. 

Passing through 1-bedroom to get to another bedroom is a very tough sell to a quality tenant. 

Ask yours about the new legislation and make sure they're up to speed on it. 

Depending on product type and quality, you are likely looking at 8-10+ cap rates in these areas.