I am putting $50,000 down on a property I am using for a business expansion. 

The property is over a million and is an expansion for an existing very successful brewery. 

Just updated a few cosmetics, New Counter, Appliances, Backsplash, Handles, Clean Bathroom and refurbished tub, < Paint inside outside , Landscape, Pressure wash fence and change all light fixtures.. .

I have already asked about utilities, for example, owner pays trash, water, septic, propane, and landscaping, while tenants pay their own electricity.

Figured I'd tap into the expansive network of BP for solid referrals with a reputation of delivering on schedule...

Landscaped/sealed driveway.

You can def check to put meters on but You'll still go to pay trash, landscaping, electricity for common areas, tickets (if you'll get those), etc.So' I'm not saying don't do that, I'm just saying that all of the above needs to be taken under consideration.Good luck!

The 0.1% expansion rule also ignores the obvious fact that the buyer controls the going in cap rate.

The bare minimum would be maybe $5k-$10k to clean up and fix minor issues (paint, plumbing, landscaping) and continue renting at $1800 (cash-flowing $600).

Fixed a lot of stuff and did landscaping.