Usually investors use renovate bathroom or kitchen for value add on the property or even add additional room but your property is pretty new.

Which would essentially free up your first loan from FHA to CONV. to start all over again on another investment or primary.

Once they move out we can rehab each one for about $5000, which covers windows, flooring in the small kitchen and bathroom upgrades.

Now i need to renovate which i am looking to redo 4 bathrooms and one kitchen.

The tenant says ants have come into the bathroom because there is no sealing/calk between the baseboards and the floor, which is where she says they are coming in. 

We renovated the interior of the property completely with new mechanicals, we also added a full bathroom and increased living square footage by finishing space in the attic.

~ The purchase came with two city lots.
~ The lot next door is now owned free and clear. (valued at 75k)
~ The lot has a garage that the team will convert to a house for a capital investment of about 50k.
~ T...

The value add was through the rehab that consisted of a new roof, updated the fuse panel to a breaker panel, new LVP flooring throughout, minor bathroom updates and paint, repainting the entire interior, adding new hardware and paint to existing kitchen cabinets along with new countertops and sink, new stove and rangehood, and lots of overall minor deferred maintenance.

Plumbing in place for bathrooms or kitchenettes. 

You can also use some basic average costs of things like kitchens, bathrooms, roof, windows, flooring.