Your ultimate goal should be to maximize your income and have staggered expiration dates, which will minimize the risk of having multiple vacancies at the same time.  

I.e. they both have pumps to get their waste to the street. 

This seems insane (and wasted expense) for a simple transfer between two trusted parties.

We can fit it in the budget, the numbers still work well, but I'm don't know how impactful it'd be to potential renters and dont want to over improve or waste $12k! 

Long story short, we worked our butts off and to this day don't waste a dollar.For you to succeed you have to do the following:1) Don't assume that people with less than you are victims of circumstance nor that those with more than you were given something along the way.

It had minimal repairs needed because he basically remodeled it and I spent a total of about $5,000 for repairs, and to buy a new water heater, garage door and lift because it was a manual lift and I wanted a functioning garage for my tenants.

It had minimal repairs needed because he basically remodeled it and I spent a total of about $5,000 for repairs, and to buy a new water heater, garage door and lift because it was a manual lift and I wanted a functioning garage for my tenants.

Instead of wasting your money you might want to print out the harmful effect of not replacing the filter for residents and make sure the tenants always get a copy and warning,     Also you can take it a step further and you can-write it in the lease that "if the filters are not replaced regularly tenant understand that this will cause a $300 repair bill at the end of tenancy, where tech or HVAC cleaning co. needs to come out and clean the system."

I wasted about 5 years living and renting in various locations around Indy.

Working on it now😉 but adding value to the exterior and minimal interior updates.