Custom cabinets and quartz counters, Viking appliances, hardwood floors throughout, iPad station, ceiling mounted speakers & stereo system throughout the house, yamaha outdoor speakers for the patio, all rooms were prewired for cable and internet, jacuzzi tub for the 2nd bath, venetian plaster in all bathrooms, and the list goes on...We set a record for sales price in the neighborhood which is always a good thing.Purchase Price: $488kRemodel Costs: $149k (Includes labor, materials, monthly expenses, etc...)Commission Costs: $18,725Sales Price: $749,000Profit: $93,275BEFORE PICSAFTER PICS

Can you find quality tenants regularly or do you have to find pockets of good areas? 

That is very good quality with a ton of natural light!  

This seems to be an area that may be difficult to get into for a quality investment below 2M or so.

The biggest thing that sticks out to me is quality of tenant at that price point as well as the area it is in.

@Eric Hyde,Here is some quality information to get you started:You definitely need someone qualified, does not have to be a CPA, could be an Enrolled Agent or an attorney.

The neighborhood next door could rent for $250 a door less, so would managers in a great area charge less than management for a area of lesser quality?

I do, however, pay extra for quality insurance policies that do not prorate needed repairs based on the age of the item getting repaired. 

If it's material discuss the quality, maybe you both have different ideas of what's acceptable.

@Ramon Polo Unless these are very poor quality lists?