Purchase price: $15,000 Acquired for our Pathway to Homeownership Program, we bought the home for $15,000 plus costs, and spent around $5,000 on a fairly light, mostly cosmetic renovation.From early 2020, we had the home tenant-occupied on a 36 month lease-option at $800/month (inc. prorated taxes) with $50,000 strike price.

Or the rehab is going to be cosmetic in nature, insufficient actual improvements to be able to pull cash out anyways (spending $5k to paint a house does not increase value by $5k, etc).But, either way, it's a moot point.

And if one does come up, it needs more than cosmetic work or it gets snatched up so fast!

Upgrading units with new appliances, painting, and other cosmetic updates.

Currently doing a full remodel on one the other was just paint and cosmetic Lessons learned?

If you can keep it to just  a light cosmetic remodel (floors, paint, small repairs, and new fixtures) will likely be $10k-$20k per unit.

Purchase price: $146,300 Cash invested: $42,000 Sale price: $269,900 Full cosmetic rehab, including new HVAC kitchen, bathrooms floors, fence garage doors and paint!

We updated everything cosmetically using mid grade but classic looking cabinetry and appliances, serviced the HVAC, replaced electric panels, added a privacy fence, cleaned up the exterior, removed a few walls (not structural, just cosmetic walls) to create kitchens open to the living space.

Maybe you can wait to do these cosmetic upgrades until you get ready to rent or sell the home in the future.

It fit my budget, was in a good safe area, and needed a lot of cosmetic work to be done to it.