Some builders actually consider bathtubs to be an upgrade now. 

They upgraded the kitchen and bathroom.

When talking about upgrades to the unit what are the best upgrades to A.) attract more potential tenants and B.) to charge more rent?

@Peter Nikic thanks for checking the deal out yess all of our expenses are expected to be fixed and any overage I plan to roll over to the tenants to make them equally responsible,now  the break down for those expenses (utilities ext) I just calculated in the 50% rule for now but once I have a better understand of those numbers I will share them with you guys still in the due diligence stages,but I do agree with you we won't spend to much money on the inspection phase just yet on the plus side the seller did state the the AC and broiler were recently upgraded so that's a life saver as for the work I don't mind hard work as long as the numbers make sense and pays off.

Make cash flow and upgrade in the future.

Sometimes, you may even be able to get in with a company that handles the travelling doctors/nurses and they help cycle tenants in and out.Agreed on sunk costs, we do have some extra furniture in our house since we recently moved, that could be used in the Airbnb until we can figure out what all works and improve/upgrade as me move along.

I'm trying to sign up to upgrade my account but apparently it wouldn't' accept my credit card because it's a Canadian credit card.

Hi Sebastian,Upgrades to a condo can definitely add value.

If anything let him upgrade your electrical, but you'd need a separate contract most likely to make sure he doesn't have ownership claims etc from the improvements...

And no, you do not include cap ex's since they are considered once in a long while expenses or upgrades to the property, and not part of the cost in operating the property.