I like knowing I can go into a house and remodel, update, etc. to improve the value and performance (rent).

I think in all I would break even on cash flow, maybe pocket a little from maintenance and management.The house was newly remodeled on the inside when I bought it 3 years ago and I replaced all the siding, soffit and trim with hardi products and added insulation and energy efficient windows all around.

thanks glad you like it :) i tried to blog about my latest remodel, but life got in the way...go ahead and check it out if you feel like it...i just listed it and looking forward to putting after pics up :)

It's the kind of close-up view that very few builders/remodelers are willing to expose themselves to.

This is ridiculous, we completely remodel all of our homes and provide a great living for our tenants.

Kyle,Short summary: No.If you are doing a rehab such as remodeling a kitchen you will take all expenses except the major appliances and depreciate them over 27.5 years.

Wanted to see what your thoughts are to how we do our rentals.We have an investor - pays cash for everything.He gets 12% roi and we get $100 per month for rent per property.So here's how it works$50k for house and all repairs$600 per month for rent Investor gets $500 we get $100 per month If we have expenses then we both get deducted on our return.My husband is the general contractor so he gets paid for remodels, etc.At the end of the year we all get our $ and we can either take it or own more of the company by investing our profits back to company.

I'm remodeling the units and turning them into corporate rentals.

On a mid-level remodel we put in a gas tankless water heater on the outside so we didn't have to worry about venting. it created space for an extra closet which was a big factor in this area because most rental houses in that area didn't have much storage.

When I listed my property, we didn't expect to have tenants with pets because I was afraid of the potential damage caused by the pets since we just remodeled the kitchen and bathroom and upgraded them.