He says $2,000 should cover the repair for the sheetrock in the dining room ceiling and to update the cabinets (if desired).Should I pursue this?

Almost all the units needed updating with the exception a 4-5 units, and even those rents were under market.

@Greg Scott@Josh Caldwell We have $35,000 HELOC on our first property which we are keeping open to maintain future updates to the property and future investments.

I don't think you need to update them when you change your lease status.  

This process takes a while, you have to have patience. I applied back in April and my application just finished in July. My landlord called customer service and wanted the funds to come to me and I pay her once I rece...

This process takes a while, you have to have patience. I applied back in April and my application just finished in July. My landlord called customer service and wanted the funds to come to me and I pay her once I rece...

up there,   the city council 'turned blue' in the last election cycle so some kind of regulations are probably going to arrive eventually.I do intend to eventually sell off my remaining seattle property,  but for now as its fully updated,  meets inspection rules, attracting good tenants and running smoothly its in the cash-cow phase of ownership and I'm not in a hurry to divest it.

fully updated and modified house. eventually rented for its market valued rents Lessons learned?

If you do not do the updates now they will likely need to be done in the next couple years anyways.

Update to the thread!