Sure, the turnover rate will be higher, evictions somewhere more or less constant, properties will always need new carpet and a fresh coat of paint at least every other time a tenant moves out.

Although I paid only $150K on Okaloosa Island before the housing bubble, I did cash out on some equity to consolidate other debts and make some improvements (tile instead of carpeting, etc.) and my mortgage payment and HE loan are not based on the $150K.

@Mike BecherHi Mike,Double entry bookkeeping and the decision making that goes along with doing it (plus how to set up and use the software) is a large knowledge base.An efficient way to learn (about it) would be to hire a CPA to do your books (such as on Quick books) and ask a lot of questions.As an owner focus on understanding the monthly reports they give you, and understand exactly how each line item is generated.For instance if you buy a new Pencil Sharpener (roof, refrigerator, carpet, take out a loan etc...), what does that do to the reports, and what does that mean to you.Good Luck!

Plan was for new carpet / flooring, new paint, and a new fence for privacy in the backyard.

They should have someone readily available to do carpet and paint.

They had 2 cats and now the carpet smells like cat pee.

Does anyone know of someone in the Las Vegas area that installs carpet?

one thing to note is that in many cases an investment turnkey property sold by turnkey providers comes with a big markup that takes a bite out of your return %.As a out of state investor who doesnt have the means to effectively rehab a property yet does not want to pay a premium on "turnkey" properties, I found a sweet spot on properties that I've coined as "near rental ready"... which are units that are already in pretty good condition and only need minor stuff done to get a tenant in (paint, cleaned or new carpet)

That’s a question I’ll have to ask her about.My area isn’t all that expensive for a decent start home around 40-50k which only needs maybe carpet and paint.

We are putting in new carpet, laminate floors, new cabinets, appliances, fixing the dip in the kitchen floor, painting the deck, lattice, front porch, all of the walls, and powerwashing, etc.The house will look like new everywhere you can see - but with 7 foot ceilings.