And if they have to drill holes for interior piers, you pretty much will have to replace the entire flooring. $$$$3.

If you replace "mastermind groups" with "coaching" or "training" or even "adorable puppies," you'll see that your question, while sincere, is impossible to answer.It depends entirely on the specifics: All mastermind programs are not the same!

In my BRRRR projects I tear out the kitchen and improve the layout, all stainless steel appliances, (the cost is minor compared to white appliances but looks so much better) open up walls for the open concept, gut the bath minus the tub (refinish the tub), new flooring (mostly hard woods), replace windows if necessary, new six panel doors, paint the entire house inside, possibly paint the outside if necessary.  

Replacing a toilet, roof, stove, outlet ... 

You can sell what you already own if you do not need those items or can easily replace them.

In South Scottsdale there is a condo neighborhood that's in the news for a battle between residents and the HOA over sewer replacement.

Difference in renovations include adding a bathroom, replacing cabinetry vs re-painting, and nicer finish.

I have a decent job making roughly 65,000/year, I plan on sticking with rentals but my banker said the expenses are too high on one of my rentals to possibly get another mortgage, this is because I had to replace the roof on that unit.

I’m selling a rental condo and looking for replacement property.

Another time they can work is if you have leftover 1031 funds when buying your replacement property and you do not want to pay boot wit the leftover proceeds.If people are worried about the 1031 45 day ID period when your buyer goes hard on their money past DD you can go ahead and look.