Put in new toilets, new faucets, new P traps, etc.

But enough about philosophy, and on with the tale.In 2008, the stock market had crashed, the credit market had imploded, and the housing market was sliding into the into the toilet.

.- Potential space to move laundry into upstairs bathroom closet vs basement - Can maybe get away with toilet/vanity replacement in each bathroom- Uncertain if painting or replacing cabinets with ikea type is worth it- Any in-ceiling lighting will cause a disaster with electrical since it is out of date- Repave/fix concrete front porch and side porch - replace/paint railing- Replace front walkway cement, or remove walkway and replace with right angled walk to driveway (may not provide ROI)- Tear down vs paint garage port in back yard

Trying to work with someone who can’t afford be there is not going to pan out now or down the road

Be prepared to pay $75 to an electrician to flip a tripped breaker or change a ceiling light bulb, $75 to a plumber to change a flapper in a toilet or a cartridge in a faucet, $750 to replace a hot water tank, fridge, washer/dryer, $100 to a cable/internet tech to unplug and plug in a modem, the list goes on.

Depends on your goals, your timeline, the amount of money you are planning on investing, the cash flow it generates, if you are married or single, your annual income, your tolerance for "tenants, turmoil & toilets", and a couple of other things.

id=1IaAr5B1WeT...Cleanup Job (Low cost fast flip): landscape package in front remove deckremove vines from house clean exterior, fix siding and wood rot, paint neutral beige/gray color clean driveway/weed, clean retaining wall/pavement replace flooring with mid grade flooring bottom level, carpet upstairs replace interior fixtures paint interior white trim, light color beige/gray walls, popcorn ceiling removal new kitchen appliancesRehab options: Replace deck with new one (kind of awkward that high to me) vs Remove and fill in wall or add large window to master.Potential space to move laundry into upstairs bathroom closet vs basement Can maybe get away with toilet/vanity replacement in each bathroomUncertain if painting or replacing cabinets with ikea type is worth itAny in-ceiling lighting will open up codes stuff with electrical since it is out of dateRepave/fix concrete front porch and side porch - replace/paint railingReplace front walkway cement, or remove walkway and replace with right angled walk to driveway (may not provide ROI)Tear down vs paint garage port in back yardWhich do you think provides highest ROI? 

We go really cheap on some things, like paint,  towel/toilet paper holders, and go higher end on things like faucets.. as others have mentioned, it's an art and you have to find your balance.Also... so  many people forget-- this is someone's future home, this isn't a mutual fund/stock, so you need to focus on what things will make your tenants happy! 

Some jurisdictions are more difficult to work with and may require a permit for small work such as replacing a lighting fixture and/or a toilet. 

Hope isnt a good business strategy...based on my small sample of 10 units, there‘s a ~10% chance that the plan will pan out.