The property would serve the dual purpose of an upgrade home and provide rental income.Over time I expect to try a number of approaches to see what suits me and the local market best.

It may have started out as Mobiles and then the city decided to upgrade.

I did upgrade to pro basic to do so.

For instance:$5000/month cash flow desired / $200 average cash flow per unit = 25 doorsNow this is just a projection, of course, but it helps keep you on track.On historic buildings, make sure there are no rules or regulations preventing you from doing certain things, like upgrades, or restricting property usage.

Are we considering upgrades that are not expected by renters (i.e. upgraded electrical, etc.).

My newbie question:What kinds of rental upgrades, if any, could I (or should I) do to warrant charging more rent on my AZ 3 bed, 2 bath rental home?

I didn't get a second opinion on the mini-splits (I probably should have).The primary source of heat is actually radiant though, the previous owner replaced the boiler about 3 years ago, there was no way I could rip that shiny new boiler out lolThe updated panel has 100 amp service (from previous owner), and will be upgraded to 150 amp in the next couple of weeks.

In my market having replacement windows, efficient furnaces, and other energy efficiency upgrades are things many tenants look for.

Capital upgrades also need to be considered.

I think your FIL is well aware of your recent financial troubles ( that you alluded to) as well as has been through home repairs and at least understands the pain of writing some home maintenance checks or upgrades over the years.