My units are the best on the block, problems handled in 24 hours and my occupancy rate is 100% last 5 years, unless I elect to do significant upgrades to the unit I am fully occupied.  

@Andy MirzaI agree I use desktop - my bookkeeper swears by it and it’s a lot cheaper as you can use it for 2-3 years before needing an upgrade

As for light reno and upgrades I think there is room for improvement in rents there.

The roof was recently replaced, plumbing and electrical were upgraded within the last 5 years.

I became an accidental landlord, when I bought a house 3 years ago, and did not sell the house I had lived in for 10 years.Here are the facts: House purchased: $200,000 House Mortage remaining: $162,000 Rental History: 3 years at $1750 a month Rental Maintenance: Year one $6500 roof replacement, Year 2 ~$3000 in appliance maintenance, Year 3 ~$9000 in repairs after the 3 year tenants ruined the inside of the house Property Management: $175/month Taxes, Insurance, Interest: ~7500/year House Value: ~$255,000 Home improvements since purchase: Approximately $15000 in upgrades while I lived there.

You do some upgrades and then you think it's worth 150K.

Dear BP,We are in the process of researching an electrical upgrade for a 1950 apartment building with 8 one bedrooms and 2 studios, taking into account the following:We have no dishwashers or garbage disposals and won't install any,Stoves, ovens and heaters are gas,We are in Southern California,In one bedrooms: 10,000 BTU a/c for living room and 6,000 BTU for bedroom,Central water heater is gas,We'd like 2 electric vehicle chargers connected to house circuit (currently only has LED lights on it),We have no washers/dryers currently but might get one of each or a pair in the future,Our insurance company states each unit should have 150 amps.How many amps should we put in the main breaker?  

I have personally be upgrading to new properties on the east coast in strong markets.

So 3-4 years down the road I would hope to have build equity in the form of paying the mortgage and also increasing property value with increased rents and over all building upgrades.

I throw in that 50k within 5 months for the upgrades in the and then get it all rented out when its all done.