As mentioned, I would not be looking at anything that needs more than "cosmetic" updates: new cabinets, appliances, counters, flooring paint, maybe a little tile backsplash and tub surround. 

Floors have a 10 year life span.

Let's look at floors. 10 year life span.

I can now do much more of the painting and flooring install that will ultimately save me thousands!

We market our homes at the top of this particular market - new flooring, nice finishings in the kitchen and bathroom, A/C when possible, and new appliances.

Purchase price: $365,000 Cash invested: $525,000 Sale price: $685,000 This property needed a Interior and Exterior Renovation, and floor plan re-structuring to optimize square footage.

The home had a 100% remodel in 2017 with new cabinets, fixtures, heating, toilets, sinks, moldings, flooring, and has stainless kitchen aid appliances and a washer/dryer set.  

I will also add i never ask for anything and i have replaced floors, repainted, fuxed things and because he never cleans gutters water leaks through walls causing mold and mildew rotting wood sills.

There are foundation issues, minor termite damage, slanted walls and floors, and electrical issues to name a few.

I don't like either of those things in my unit so I am considering the following options:Option #1Ask both tenants to leave 30-days after I take possession of the property , renovate the units on the outside & inside (gutters, siding, interior paint, floors, mini-split units, ceiling, other miscellaneous things) then raise the rents to around $700/month each and look for good tenants (no smokers, no pets, good jobs) to put on a 1-year lease.Concerns: I question whether or not this is the right thing to do since the virus has many peoples struggling with their jobs and I don't know if its right to ask the tenants to leave during this "crisis" (they have lived there for 8 years and have been paying rent).