If you cost seg the 27.5 in to its shorter component you can bonus those, but they are no longer part of the house, and are more likely furniture and fixtures (personal property vs real property).I want you to take a look at this article because cost segs are a lot more intensive than people think.

Now, I UPGRADE my duplexes not with swimming pools mind you, but with microwaves over the stove, granite countertops, replace small and out-dated baseboards, replace carpet with luxury vinyl floors, upgrade to LED light fixtures, up-date faucets, new-used appliances, six panel interior doors and contrast paint (white ceiling, Light beige or grey walls and all trim white).  

Jeff Zabel I am not sure how to PM you but I would love to buy you a cup of coffee sometime and chat.

-stone, masonry, framing, drywall, nails, sheathing, cladding, roofing-wall & floor tile-windows-doors-fixtures-finishes (counters, cabinets, trim, paint, etc.)So far, it feels like we're paying retail for everything, apart from the 5% discount at Lowes etc.

Water supply lines; waste and sewer lines (or septic systems); roofing; gutter/downspout systems; window  units; electrical system; HVAC systems; foundation; structural framing; exterior walking surfaces (frontage sidewalks and driveways); as well as more cosmetic interior items including paint, floorcovering, cabinetry, fixtures, and major appliances, all can create some level of hardship if you are not prepared for them...some much more than others, obviously.Always remember, prevention is much less costly than remediation.

Typically I would visit twice per month, run hot and cold water in all fixtures; flush all toilets; operate on a short cycle, the dishwasher and washing machine; check all rooms for anything out of place or signs of leaks or other issues (many were condos, affected by issues in other units); if they had a car, I would take the car out for a 15 minute drive and handle registration renewals and safety checks when due; some properties we needed to coordinate pre and post cleaning when Client was going to visit.

-------In 2013, my wife and I purchased a 1974 2-story "fixer" in Clovis, NM via a no-money down VA loan, which we poured our blood, sweat, and tears into for 3 years: refinishing the exterior, installing hardwood floors, upgrading countertops, repainting all the walls and trim, retiling showers, blowing out walls, replacing light fixtures, etc..

There....that and a couple of bucks will get you a cup of coffee :-)

There is a wall framed for the bathroom, one light fixture and one or two power outlets. 

I also want to make sure the amount of repair I need to complete to get the ARV that I want is just for the rental level repairs, and not for flips (typically the flip level repairs are more costly).From that, I have come up with my criteria list:1) purchase price of 80-85k2) repair estimate of 15k and has to be done in 2 weeks3) ARV of 120k4) Rents at 1200 monthly or more5) Cash ROI of 10% or moreHere is what I found:-SFH-3/2/2-1500 sq ft-solid c+/b- neighborhood- need a complete interior cosmetic update: flooring, paint, refinish cabinets, refinish tubs, closet, countertops, and fixtures.