Then, I would file the letter in the filing cabinet and on the 60th day I'd call the lawyer to nicely tell the buyer to "go pound sand".Now, in the very unlikely event they file a lawsuit, keep in mind that will cost the complainant about $25,000 or more and eventually you'll hire a lawyer and that costs you a few thousand, which is covered by your umbrella insurance.

You may own/be responsible for the interior sheet rock, the cabinets, the fixtures, etc. 

During the COVID I knew things were taking a toll on her because I noted odd things broken in the house when performing my quarterly inspections, such as, broken medicine cabinet mirrors, master bedroom door cracked on the side, and a cracked vanity sink.

"Good enough" quality cabinets.

Depending on the age, figure on electrical upgrade ($10k), plumbing upgrades ($5k) and HVAC new ($15k), roof ($10k) Then add for flooring, cabinets, vanities, counters, paint etc ($50k).

I spent $13,788 renovating this 1-bedroom apartmentHere's the breakdown 👇 - Kitchen faucet: $99- Thermostat: $60- Bathroom hardware: $34- Toilet: $94- SS stove: $500- SS microwave: $200- SS fridge: $781- SS dishwasher: $349- Tile: $390- Carpet + Pad: $690- Bathroom faucet: $77- Bathroom vanity: $189- Bathroom mirror: $99- Lighting fixtures: $150- White shaker cabinets: $1,990- Cabinet handles: $36- Blinds: $79- Black matte hinges: $51- Black matte door knobs: $108- Blanco single bowl sink: $100- Blanco sink rack: $25- Granite countertop & install: $1,100- Paint & materials: $328- Random materials/parts: $259- Labor: $6,000Renovation time: 22 daysPrevious rent: $700Signed leased: $1,150As for calculating my return, here's how I did it 👇New Rent Change per month: $450 (see rents above)Annualized Rent Change: $5,400 ($450 x 12 month)ROI: 39% ($5,400 / $13,788)New Building Value Added: $90,000 (based on 6% cap rateI'm choosing to renovate every unit to a premium-level finish with high-quality materials.

I'll swing hammers for roughly 40% of the remodel (installing the kitchen cabinets, painting, electrical fixtures, exterior repairs, and minor plumbing stuff in the shower. 

Or how about all those supposedly-cleaned dishes in the cabinets that a thousand people have used? 

They left all kinds of food behind in fridges and cabinets. 

Some guests never open up a cabinet.