Insurance is WAY cheaper for a new build, as are utilities, because the newer homes are more energy efficient, and also have less need for immediate upgrades. 

CLTA policies.Negotiate Terms: If feasible, negotiate with the seller or title company to potentially upgrade to an ALTA policy if it provides greater peace of mind for your client and enhances future marketability.Educate Buyer: Ensure your client fully understands the implications of the CLTA policy versus an ALTA policy, including potential impacts on resale and buyer financing preferences.While lenders can generally lend on properties with CLTA policies, buyer preferences and market dynamics may vary.

Focusing on generational wealth is probably not your best prospect.A better focus might be running the property in a professional manner, maintaining the asset value of the property through appropriate repairs and upgrades , learning some best practices for management , and having enough cash reserves to keep the property from being seized by the bank in lean times .

Then consider if there are actual real upgrades that would require them to vacate.

When you use the BRRR method, since you are not doing upgrades but rather repairs, you can either deduct or depreciate all the work you do or hire out right?

On average there are few upgrades you can do by themselves which get a positive return on investment on the selling price.

It’s a great way to upgrade your portfolio without taking a tax hit.

Unit AppealAmenities and Upgrades: Although you have renovated the units, consider adding amenities like high-speed internet, in-unit laundry, or community spaces that can increase appeal.Feedback Collection: Gather feedback from current and past tenants about what they liked and disliked about living in your units.

As for whether one has to get quid pro quo in increased rent for improvements, there is also a factor of the quality and longevity of the tenants one gets with an upgraded apartment even when rents are limited by neighborhood competitive pressures. 

Our prior offers to let you move without penalty or share in the cost of your cosmetic upgrade request were rejected by you, are hereby withdrawn and are forever null and void.