Lastly keep us all posted on your success and give back to the BP community by upgrading to a pro membership.

If you do a small upgrade they may feel like they are getting something for the rent increase and you care that they are happy.

Upgrade one side while living in the other to lower your risk exposure.

Are there any repairs needed or recent upgrade?

They have put A LOT of upgrades into such a small house.

It has been upgraded, passes the eye test outside, has new beautiful hardwood floors, hvac system, energy efficient windows, and is really nice.

If I do a significant upgrade at turnover, then I raise my rent then too.

Here I am again looking for some advice on a potential deal.2 unit property, each has 2/2Unit 1 rents for $1200 - Owner recently did some minor upgrades, and has new tenant on 1 yr lease.Unit 2 rents for $1050 on a month to month.Taxes are estimated at 2% of purchase priceSo assuming purchase price of $230k, taxes would be about $4596/yrInsurance we estimate is about $2400I am trying to figure out how to use all these cash flow analyzers etc..but to me with 20% down it looks like it will net between $580 to $710 in monthly cash flow.

I plan to upgrade next time and hopefully end up in much larger buildings within a few years.

You can also up sell the ad by letting people know you are upgrading the property and it wont be ready until 2 weeks from now.If people are truly interested you can send them a rental application before hand.