That is the time to do repairs and upgrades to get the the unit rent ready again.   

If the market maxes out at a certain rent with standard fixtures and finishes and no washer and dryer for example, it does not make sense to upgrade units to premium level and add washer and dryer if you can't increase the income and ultimately the value. 

Is the building going to appreciate over time and from the repairs/upgrades you do?

Major cosmetic repairs and upgrades.

No need to make unnecessary upgrades.

I've done big upgrades such as two complete bathroom remodels, kitchen upgrades, some new doors, outlets, windows, plumbing, and more.

I would manage the property and do upgrades over the next few years to increase the value while initially pulling ~$750/mo net income after factoring for all expenses. 2.

I have over 50 units now and I can tell you the most difficult one to ever rent out was my first personal residence when I upgraded.

Unit 2: 2 BR, 1 BAAsking price $329,000 ($150 sq-ft) with other duplexes in the area are going for $120 sq-ftProperty has been rented out to local college students who pay individually generating rental revenue of $3,000 monthlyIf partner and I could purchase and not upgrade/rehab, renting to same college students then estimated monthly cost with debt service (assuming 4.5% interest rate & 25% down) is roughly a few dollars shy of $2k leaving a net profit of about $1kConcern is for CoVID and schools moving to an on-line model and force the $50k rehab/upgrade and possibly only brining in $2700 monthly which would only bring about 6.6% cash return ($78K down payment + $50k rehab cost)Real estate market in Memphis is rapidly progressing now as it is following Nashville’s lead

Hi all, 
We have a family with 3 growing boys and feel that our current home needs to be bigger. With the current market, it’s hard to make an offer with contingent to sell our own home. And with COVID-19 situation, ...