Complete main floor remodel, moving a laundry room from a very odd location to its own room, opened the floor plan and purchased all new appliances for the brand new kitchen.

There are other times you need a plumber, electrician, appliance repairman, roofer, carpenter, family counsellor, tour guide, legal liaison, spare tire and jump start provider, the list goes on.  

Appliances?

Price, room sizes, any new appliances, updates, etc...   

Save for escrow shortage be able to pay the mortgage if your tenant cant.have a line of credit for when appliances break or repairs need to be made.Have a property manager that also invest as well.

Likewise, if you made specific requests that certain fixtures or appliances be left with the property, make sure they are still present prior to closing.

Upgraded kitchen and appliances make up an eat-in kitchen.

If the house is newer, then the need for a water heater, new roof, new driveway, new HVAC, windows, appliances, new plumbing, or new electrical systems would be markedly lower than that of a property built somewhere in the middle of the last century.

Now your 5 year hold becomes a 7-10 year hold and before you know it your in the middle of another capex cycle and the market no longer values your 10 yr old roll on laminate flooring or dented stainless steel appliances.

You have to some rewiring in order to have an outlet or appliance go to a totally different meter.