Possibly adding a second bedroom in a 16x12 utility room downstairs.Option 1:We do $240,000 + $25,000 - $40,000 in mortgage plus improvements from the bank.

Our agency has a sister company in property management and one in property improvement so we can be a full-service operation.

Be diligent, do as he asks, and when you have the chance to present an improvement, try to frame it as if it was his idea.

Capital Expenditures go under the Lease Hold improvements in your chart of accounts, according to where my accountant says put it. 

My work is kind enough to give allowance to buy personal improvement items up to $500 during the work from home time.

No matter what area of real estate you focus on, it's advantageous to always improve your skills.

And, then manage to the lease.I recommend scheduling a "routine inspection" of both units to "for routine maintenance and to gauge improvements that will be needed in the future." 

But I'm not improving the real estate stock in my city any further, unless I plan to flip. 

My roofer has pitched me, I see a local realtor who never really sold much pitching deals now, doesn't even own her own home, and even had the bellman at a hotel pitch me, so lots of people who probably know less than we do about syndication, managing apartments, improving performance, etc are pitching deals.

Make sure the park is OK with what you want to do, how you want to improve the property, plans, and value.Be cautious not to over-improve as much of that crowd is looking for affordability, yes they want clean and sharp but aren't always focused on the latest cabinets, finishes or look.