This approach ensures that vital work is completed within your budget.Research and Plan: Thoroughly research the materials, fixtures, and appliances you need for your rehab.

You still have to have some electrical work etc. done and inspected by the appropriate people (ie: you can run the electric through the walls and install outlets and light fixtures but an electrician has to be the one to connect the house side wiring to the electric box and inspect your work.

All to get a $3200 a month NNN 5 year lease.NOTE: We decided to go with a convenient store so we can add a $30,000 11 door walk-in cooler as a fixture, that way lenders have some sort of collateral.$3200 x 12 =$38,400 Gross annual incomeExpenses covered by CAM/NNN charge$38,400 NOI / 7.625% cap rate = $503,606 in added value.2.

But most rehab items; paint, carpet, electrical, HVAC, plumbing, plumbing fixtures, appliances, roof, foundation, etc. absolutely need to be done before it can be rented out anyways.

I've updated flooring, vanities, fixtures, exterior stairs and replaced the roof.

You can update fixtures, kitchen counter top and such, but don't blow out walls, especially being new, that can get you over your head real quick, you have no idea what might be inside those walls, you get into EPA stuff and you'll cry and go broke on it.

Personal property - including fixtures, equipment and machinery that is used in the self-storage facility operations that can typically be depreciated over 5 years.Site improvements- including parking lots, landscaping, and fences that are depreciated over 15 years.Buildings and improvements - the primary self-storage structure including all attached improvements such as additional storage spaces or office spaces Non-qualifying assets - including land and intangible assetsWhat are some examples of these assets?

I try and help them navigate those issues, all for the cost of a cup of coffee.  

Shoot me a message or respond on this topic if you feel like being bought a cup of coffee and just chatting real estate!

There are variable costs such as what a low/med/high end kitchen (Formica vs quartz, home depot kitchen set vs custom, white appliances vs viking, etc),  quality of tiling and fixtures in bathrooms), and then hourly cost of labor and the estimated days it will take to complete.