Since this is our first go around at house improvements and landlording, I thought this would be a good forum to pose the question to folks who've been doing this for a while.My main question is... how did/do you approach creating a timeline and budget for making certain updates while you're living inside the unit.

The next and this may have changed due to improvements  but we had gas dryers and the ignitor glow bars would fry due to particles and lint attaching to the bar.

Used to improve property. $300 current minimum payment.

Improved neighborhood, which former owners and neighbors were elated about.Other investors came forward to make backup offers after I was under contract.Lessons learned?

The taxable gain is calculated as the difference between your net sales price and your adjusted cost basis (original purchase +capital improvements - depreciation).Depending on these factors you could actually have a much larger (or smaller) tax from the sale. 

We are stabilizing the deal by getting actual leases and helping the seniors improve their credit by helping them in various ways through the utilities.

If a property isn't selling, it needs to be cleaned up, improved, or the price needs to be reduced. 

Upon purchase we worked to develop and improve infrastructure around the property.

It is a straightforward flip that will take me approx. 3-4 weeks to complete and estimated profits are $30,000-$35,000.If I keep it as a BRRRR here are what the numbers look like:$145,0000 - Purchase Price + Closing Costs$30,000 - Improvements $1,500 - General holding costs (taxes/insurance/utilities)$2,900 - Loan on unsecured line of credit All in - $180,000Comps are around $225,000, which would put me right at $168,750 (75% LTV), this means I would leave around $12-$15,000 invested in the deal after the refinance went through. 

Capex plus cosmetic improvements What was the outcome?