We just acquired a duplex that (at closing) was supposed to need about $4K in mold remediation.

The cans need to be rolled to the curb twice a week and the city limits the time they can be out, from the evening before pickup, to the night of pickup. 

I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.

He has no idea what is going on here and should refrain from spreading inaccurate information. 

@Malcomb Stapel one other thing about depreciation is that it is not optional. 

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Acquired the property with cash (to compete with all-cash buyers at the time) and then refinanced 2-3 months post-close How did you add value to the deal?

When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)

It only applies to residents living in Jerome Village so for investors, it would only apply to rental income from Jerome Village properties, not your entire portfolio or out-of-state income.

Hey Jasmine, yes, as stated before, a DSCR cashout is the way to go if it is an investment property.