Purchase price: $800,000 Cash invested: $140,000 Sale price: $1,100,000 This property has been professionally Renovated from Top to Bottom and Looks and Feels like a Brand New Model Home Brand New electrical system, New Plumbing, New HVAC System, New Drywall, New paint, New Cabinets & High End Quartz Countertops.

Roof leaks, leaking supply or waste pipes, tub surrounds, cabinet bases (between the interior bottom of cabinet and the floor), all can create these slow leaks that rot wood and can "feed" mold and attract other pests that could be causing your issues.You might also have a professional perform testing for mold.

I replaced both bathrooms, tiled the floor, built a breakfast bar in the kitchen, painted cabinets and did a concrete overlay for all the countertops.  

Shared space in the refrigerator or cabinets needs clear definition of who can use which space.

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.