One of the items on the list was to replace the kitchen floor (currently adhesive tile that is peeling up).

Assuming that my ARV is correct and I'm not terribly confident it is as we're total newbies, I think that we might be able to get right around the $200k mark with some sweat equity in projects that we can do, modest kitchen upgrades (counter tops, backsplash, possibly replacing some cabinet hardware), and modest bathroom upgrades (tiling the floors, replacing the sinks and vanities).

I know many people personally who have all the surface appearances like homes, cars, new granite stainless steel kitchens who are all neck deep in debt.

I will say though that if your apt has 8' ceilings (or feels tight in the kitchen), I would try if possible to vent outside. 

Hi All,I just purchased a triplex and would like to do some minor renovation in one of the units (move a wall and upgrade an existing kitchen).

If they got pushy they'd tell them it was inappropriate and to please knock it off.We had a 90 year old veteran who was also a volunteer down in the canteen kitchen; his job was to take trays after folks gone done eating.  

I am usually never at home so i gotta type everything on the phone, otherwise i would more easily be able to get into more detail.now the amount we pay the manager is not very much at all, but that is ok because the manager gets a huge perk: they get to live in the manager's quarters which pretty much all motels in the united states have. the managers quarters is connected to the front office and consists of a 2 bedroom, 1 bathroom apartment with an adequate spacious kitchen and spacious living room. an older couple who is retired, about to collect social security checks possibly, and has a minimal and quiet social life is most desired for this position. they get to live rent-free and utilities-free, and i get a manager for minimal expense. its a win win situation and i often become good friends with them. most managers only stick around for 1-2 years, but some are willing to basically stay for decades even.the motel business is a seasonal business, but not an extreme one. typically around march-may, business slows down an observable amount, and after that it picks right back up to 90-100% occupancy on every night. several nights a year, we have to turn away guests at nighttime because we have no rooms left to sell.the budget motel is a peculiar business, but then again its really not. your average person might struggle to understand how this business requires a decent amount of hard work, yet is simultaneously one of the most laidback businesses you can get into.we remain super competitive, to the point where its not even competitive anymore for us. the reason why is because i have placed a 40 inch tv in every room, along with a full sized refrigerator and a real kitchenette. for $190 total per week and free housekeeping and wifi, who wouldnt want to stay there vs. renting at an apartment that requires all sorts of documentation and an application fee?

Monthly expensesTaxes 445Insurance 102Mortgage: 1650PMI: 243Repairs: 300Vacancy 150Expected rent 1600 per unit minimum, 1700 is more likelyPurchase price 375,000Downpayment 5%Renovation costs 15000 (new floors/cabinets/appliances in Unit B kitchen)Both furnaces are 17 years old1st water heater-3 years 2nd water heater 7yearsRoof:12 years1st AC condenser 4 years 2nd AC condenser 12 yearsWould appreciate peoples input, I will be living in unit B (House Hacking) First investment in Atlanta. 

Also, if this sliding glass door was off the kitchen, it may point to excessive moisture build up from cooking, especially if they weren't using the range hood fan.Make sure the unit has adequate ventilation and the range hood fan and bathroom fan both duct to the outside.

You should tell your friend to watch a few episodes of kitchen nightmares :D-Christopher