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.  

Every place can use a little upgrade! 

. - It may take a long time to get approved by HUD and may need $ thousands in upgrades to come up to HUDs requirements for some properties.

Should I keep them and do no upgrades on the home2.

With the area, it's more of a buy and hold rather than a cash flow investment.Details:Duplex, owner-occupied, no shared walls, (1st unit: 2/1, 2nd unit: 1/1, Total: 1545 sq ft, Lot Size: 7240 sq ft, Garage with attachment - 15'7x5'9)List price: $900K; Redfin Estimate: $920K; Purchase Price: ~$850K (15% down, 30 year, 3.6-4% interest rate quotes)Built: 1900-1940 (does not look that old, but agent checking actual date; paperwork might have been lost), roofs - 1990s, upgraded electrical in both units, possible copper plumbingZone: R3, can build maybe another unit? 

It needed some repairs/upgrades so we got the seller to credit her with money to do the repairs.