The best opportunity you will have to replacing out-dated systems (plumbing, electrical, HVAC) and improve the energy efficiency of the building envelope (air sealing, insulation, fenestration) is before a building is placed into service.  

These returns can improve if you have the capital to do some value add repairs as well. 

Simmons, owner of KCS, PC, and certified public accountant for over 25 years, is known for telling it like it is while also educating those who seek to grow and improve their businesses.

From there we found a PM and contractor.Long story short, we got 2 properties (foreclosures needing improvements) in B class neighborhoods in the $100-110k range, one is completed with renters moving in May 1, the other we just closed on and are doing the improvements now. 25% down on each, $10k to $20k each for repairs/improvements to get rent ready.

Leases and all improvements paperwork.

Overall she is very good at what she does and makes improvements as needed:) Hope this helps! 

The area opens up a path to progress for you and the lower asset class gives you an opportunity to improve it (aka Add Value). 

The accrual method of accounting helps smooth income and expenses out and provides a clearer picture of how your business is doing, which makes it easier for you to come up with processes to improve it.

It was a single family town house which I barely had to put any improvements into.

Assuming your terms are good, 25% down another $3000 in improvements your in ~$96,000.