Full guts of the bathrooms, replacing all fixtures, throwing modern tile finishes for the tub/shower, new vanity, new cabinets in the kitchen, island, new stainless-steel appliances, new flooring throughout, new recess lighting, and likely new siding on the property to give it a more freshened pop for when it goes back on the market.

Unlike the past the guest audience in no longer planning their summer vacations months in advance.

If you have 18-20% equity, just sell as originally planned, take your profits, and move on to the next one. 

What is it going to cost me during turnover - do I need paint, flooring etc.2.

Obviously I plan on increasing his rent to market value and switching utilities but hesitate increasing it past 20% due to the fact that during our walkthrough he seems like a solid tenant with a very well kept unit and even bought his own washer and dryers in the unit. 

It needs roof, ac, electrical, possibly plumbing, new bathroom, new kitchen, flooring repair, siding and fascia repair, and on top of that there is some fire damage.

Fresh new interior paint and new flooring in the bedrooms.

I just graduated with a degree in Cell & Molecular Biology and my plan has been to go to Medical School to become a doctor.

We’d complete repairs by re-concretingaround the lid of the pit in that garage floor.

My total of all annual expenses is about $220K- everything, insurance, haircuts, leisure travel, property taxes, etc all included in thereI dont want to semi-retire any time soon, but I think it's smart to have long term plans.