Taxes are close to $1,000 per month and insurance accounts for $189 of that payment, thanks to USAA.Current rental income = $6,800Laundry income = $200Total (current income) = $7,000Total expenses = $6100+100+300 = $6,500Current Cash Flow = $5001 year plan:Rental Income = $8,000Expenses = $6,500 (should remain about the same)Cash flow = $1500 or $300 per doorWe are planning on upgrading flooring, bathroom vanities and kitchens for about $6,000 per unit to help justify the rental increase from $1,700 per unit to $2,000+Now again, I realize these numbers are a lot slimmer than most on BP would be okay with but they work for us and our plan for retirement.

During the signup process it will ask you more than once to pick a plan, so i assumed it cost money, but if you continue to press x on them it will finally get to the dashboard and allow you to setup apps and such, but it places a large upgrade button in the middle of the top of the page.

Any future equity if the neighborhood surges can be used to justify upgrades to maximize profits on future sales.

I never added anything just upgraded.

You could be fine, or it could be real expensive.Likely, a contractor who knows a lot about old buildings should be able to do an inspection and give you a good idea of whats there and what will need upgrading when it breaks.  

Sell 2/2 apartment after upgrading to hardwood floors, adding new blinds and restoring bath tubs.

Full of great tips and reads. to help build your kowledge and experience    One tip that I picked up here is while you are starting out and saving money for your investments, start driving / visiting areas you would like to invest in so you get a feel for prices, rents , house conditions etc, and visit and look at lots of homes and open houses so your eye get used to looking at repairs / upgrades that are normal in a particular market.

hellofirst of all i would like to praise you for being a good tenant. second i would advise you not to spend anymore money with regard to the property. you have to understand that the property still belongs to the landlord even if it's you who's been paying for all the upgrades and repairs, it is actually not your responsibility to pay for the repairs. 

Another option that I have used... there are tons of great used boilers out there from on demand upgrades, demolition jobs where the demolition company has rights to salvage what they choose, etc.  

Kitchen upgrades could start at 10k up to 50k, so whatever floats your boat.