If he does move out and has been there for 24 years, my guess is you are going to have quite a few expenses (ie new flooring throughout, paint and possibly updates-countertops, etc) just from normal wear and tear. 

Thank you for the response, the renovations are minimal, (paint, drywall tape repair, landscaping).

He's making several loan products on the project so it's cost effective and specializes in DADUshttps://crosscountrymortgage.com/The-Keane-Ng-Team/

Usually plan on permits unless it's a paint and carpet rehab. 

They’d hire someone to clean and paint, and put the house back on the market at a slightly below retail price.  

We have stared the project about a month ago, completely new interior including adding new HVAC all new electrical, flooring, cabinets, tops and so on along with new driveway exterior paint and some siding.ere are some progress pictures.News, we are closing on a house and have a duplex under con .

But also, these tenants might inhibit your ability to push rents on the other units, since tenant junk on balconies, or broken down cars in parking lots, etc just paint a bad vibe for the whole property.If it is a "marginal" tenant, I would give them an aggressive increase.  

We have stared the project about a month ago, completely new interior including adding new HVAC all new electrical, flooring, cabinets, tops and so on along with new driveway exterior paint and some siding.My contractor is also an investor, so we were lucky there, good insight to share and also, he has lots of leads for renters.But he is NOT a good photographer LOL. here are some progress pictures .Also, I will like to share that we are closing on one more single-family property early next week and we have a duplex under contract.

You need to watch out for point of sale, lead paint requirements, and Cleveland's new investor requirements.

@Alex Ng I think Birmingham is a great place to invest because of the cheaper prices and low taxes.