I think there is a diminishing marginal benefit to upgrades you can do increase cash flow here given most things in your home is upgraded.

Hey BP I’m upgrading the washer and dryer in my duplex and debating on whether or not I should install coin operated ones.

We just finished two single family homes that were in very good condition when we bought them and we still spent 25k on one and 35k on the other on cosmetic upgrades.

Obviously this doesn't make a lot of sense from a cash flow basis but if we were to refinance it later on at a lower rate, after we do some upgrades, that could significantly help us but the reduction in cash flow is concerning.If we take the equity out and truly Brrr it, then we are doing better because we avoid the lower value mortgage but can finance at a higher level after reno.  

To get the full effect of how I first saw it, I'm going to have to ask you to imagine a raccoon sitting up on top of the bed.If it were mine I would curb appeal this place to make it desirable to a new buyer, and just leave some meat on the bone so they say, as far as the interior and the upgrades.

I agree though with everyone, best bet is to buy him out asap so you can do what you want with it to upgrade it and then decide.

How can you turn it into a better deal with smart upgrades or expansion?

I've watched a ton of BP podcasts and videos but I'm brand new to the forum.My long story short is that my wife and I had our second baby on the way and although our rent arrangement is very favorable, we needed to upgrade for more space.

I bought properties needing rehab for the last 24 years, had local contractors complete the necessary upgrades only to be able to max the rents, and sold them a few years later after the numbers stabilized using a 1031.  

Finally ready to take the plunge and actually start investing in real estate rather than just talk about it, so I upgraded to Pro.I'm focusing on BRRRR single family homes to start and as I do not own my own home, I am looking to house hack for my first deal.Still early in the education process and putting together my team, but excited to progress forward and hopefully connect with local investors.