@Kevin S.I recommend putting all properties/accounts into a revocable living trust for estate planning. 

This is great because it cashflows starting day 1.

That inventory is lacking and 3 bedroom homes are consistently being absorbed in less than 30 days without concessions.

With room to enhance its value through upgrades, we saw the opportunity to deliver a strong return while helping revitalize the neighborhood.

Where would this credit be applied to ?

I’m new to investing and I’m looking to learn and grow.

Quote from @Ashwani Singh: Has anyone got an excel sheet that is good to maintain your month by month rental property management expenses and income?

Hi Sergio, I think there are way too many variables to be able to gain any real insight from responses here.

Trying to do renos with someone living there will only cause problems: long to get renos done, disruption for the tenant and more expensive in the long run. 

Usually, we keep the renewal to a discount to market rent to incentive people to stay and not incur vacancy and turnover costs, but that discount depends on many factors. - How good of a tenant are they?