We have made quite a few upgrades like tile floors, sprinkler system and a big backyard, ceiling fans, new light fixtures, new paint...

We have made quite a few upgrades like tile floors, sprinkler system and a big backyard, ceiling fans, new light fixtures, new paint...

I buy them cheap enough so that upgrades do not put me upside down on value.

Needs new roof (20k) and electrical upgrades, etc..

if one couple upgrade decides to upgrade to a larger house, wouldn't they want top dollars rather than quick sale?

And everything that goes with it - including refinancing for "hold / rent" strategy.Evaluate "upgrading" primary residence to take advantage of no capital gains (lived there over 2 years) - this will also put is in a good school district which is a must for the wife.Increase number of rental units while maintaining strict guidelines on price, aesthetics, and LOCATION!

This way the two will work together creating a higher quality finished product and I will have the ability to make the necessary energy efficiency and aesthetic upgrades to the older portions of the structure.

Great advice.Sure thing, thank BP Nation by making donations or upgrading to a "pro account" We all benefit from BP and as such, those who give back help to improve the site.

Repairs which are a part of a plan to improve or upgrade the property become capitalized expenses.

For my part, notwithstanding return, if I need a net of $10K/mo, then I am going to include Rev - Exp = Cashflow - 17% reserves, which will pay for most maintenance and vacancy events, but not likely for capital upgrades/remodels (remodel the kitchen and baths every 10 years and replace the roof and HVAC every 15, etc).