We did have to remodel one of the kitchens in the triplex to raise rent for one v.s. another unit where the tenant said there is no need to remodel if we took $100 off the rent. good luck on your decision

Right now were remodeling units at a rate of 6 townhouses per 30 days.

We are living in it during the remodeling process .

That first building you'll buy will teach you a lot of skills: Cost of remodeling, finding tenants, Property management, and especially how long these activities really take! 

We never dipped into the red.The first 8 months consisted of slowly and systematically evicting the non-paying tenants and troublemakers while simultaneously remodeling and replacing them with a better tenant basis.

Finding your contractor is a crucial part of the remodeling process.

Within that 5 years, I started a business that has started to become profitable and saved enough cash to buy a tiny rental property that needs a full remodel.

Test toilet, sinks, shower.Make sure no major damage. 

This investment property is a 230k property with a 3-4 year old average to good quality carpet (House built in 2003, remodeled 2013).

Where you would clearly cross the line would be performing work on an IRA owned property such as painting, remodeling, landscaping, etc.