You have to then subtract the loan payment, taxes, insurance, maintenance, property manager, landscaping, marketing......what you’re left with is the cash flow or $100/mo per door in this case.

I then count the windows (if replacement is needed), doors (including hardware), landscape, HVAC, electrical, plumbing, roof, flooring.

I am a irrigation and landscape contractor.

I have a few older properties and they are, pardon my french, built like brick $hit houses :)Also, depending on the building, if it has come architectural character, once you clean it up with paint, landscaping, windows etc it will stand out from the other generic apartments in the area.

Rehab bath,basement, landscaping???

Rehab the bathroom, new flooring, new paint, new light fixtures, cleaned up the landscaping.

Landscaping can get expensive in summer months... 

I am preparing to charge the tenant for damages they caused to the unit, the shared common areas, and the landscaping.

I firmly believe the travel landscape has permanently shifted toward more private, secluded spaces like STRs (vs hotels).

My landscaper just told me he will charge $120 (labor and mulch) per each yard of mulch he will put.