We redid the kitchen, flooring, finished out the basement, worked on the landscaping...etc. 

I also found someone who fixed my gutters, bugged me for landscaping work, then no-called/no-showed when I hired him to do some landscaping work.

PP=500K ADDITION+landscape+Repairs+closing costs===$140K So ALL in 640K.

Then be sure you are being honest in your numbers for cost of owning to rent - ie vacancy, repairs, local fees, property tax, ins, renting costs, management fees, landscape fees, utilities etc etc etc Holding for appreciation is a thing but be sure this is a good candidate.

Hey @Linda Weiner,I just left Denver,Colorado where its legal there and I was talking with people that has been living in Denver for a while and every single one of them credits "weed" to their expansion I think they have a valid argument.

And I don't get to rent to the person who is going to take pride of ownership in the property, improve the landscaping, take care of my asset, and stay for a long time?

Landscaping, paint, light fixtures, lots of minor cosmetics.

When you run your calculations be sure to include: Vacancy factor, even if it's 100% fullLarge enough maintenance and turn over expense Replacement reserve ($150-200/month for SF and duplex and more for larger buildings)Make sure you include all the fees, such as admin, city licensing fees, water, trash and utilities, landscaping, etcAlso add in property management

My parents have since done quite a bit of landscaping that greatly adds to curb appeal.

Full kitchen and 2 bath reno, paint, floors, and landscaping.