After the pain free $200k renovation process (sarcasm laid on thick here) which included gutting one of the units, adding a bedroom, bathroom and 305 square feet and upgrading the other unit cosmetically.

Lower your expenses by changing out fixtures to low flow, changing out lights to LED's, upgrading heating and cooling systems if central, changing windows and insulating if central heat and air. 

We screened many prospective buyers and we eventually came to a deal with one them with the following numbers:Purchase price: $70,000Down payment: $6,000 (we were asking for $10k, but the buyer said they would like to use $4k to upgrade the HVAC)Interest Rate: 10.5%Loan Term: 30 yearsNo prepayment penaltiesTaxes and insurance to be paid by the buyer (total amount including in mortgage payment, but actual payment made by us)Total monthly cash flow: $664.60The buyer moved in and made the first payment on April 1st and paid early for May- off to a great start!

When I have longer term tenants, I pretty regularly upgrade items that have suffered from general wear and tear.

Even better, if they move from a "work for money" to a "work because you love it career", that's a HUGE transformation and lifestyle upgrade I've seen many people pull off after starting to invest.  

I am into small family rentals and because I bought years ago I have been upgrading to not only get higher rents but for the easy of securing top of the line rentals.  

It has been replumbed and the electric has been upgraded.

It has been replumbed and the electric has been upgraded.

Look in those A neighborhoods but instead of going for the 250k/unit fourplex go for the one with a slightly below market rents but with some cosmetic upgrades could put in on that same level.

Hi,I need to upgrade old electrical panel which is 100 Ampere for house rehab project.