And yes, even the kitchen sink.

Asking 650k, needs upgrading - kitchen, flooring e.g..; renting at $4425; knowing what the market is at 30 year 5.6% for investment properties or even a 15/1 arm 5.5%; do the numbers work out?

My plan is to purchase the asset and implement a few value-add strategies, such as sub-metering water, new appliance packages in the kitchens, raising all rents to market value (of course), along with some other renovations. 

All the other are showing off there amazing kitchens, or nice front porches. 

This beautiful newly updated home features custom stone fireplaces, a new kitchen with SS appliances, premium cabinetry, and updated spa-like baths.

She recently told me that the one kitchen cabinet was "wet", so I had a plumber go out to fix the problem.

After hearing a few different viewpoints about this, I think I will go look at the property again with my contractor, and see if an access point from the kitchen could be created for the room that is accessed from another bedroom.

Kitchen w/SS apps.

Given this market, I have found that the most successful properties: are in safe neighborhoods, slightly below market rent, include a dedicated parking space (very important), a place to cook (kitchen or kitchenette) and a high number of bathrooms per bedroom (e.g. if 2 bedrooms or more, make sure there are 2 bathrooms).

He had it listed for $27k, I went in for another friend of mine to give him an estimate for a rental remodel and I think we were under $22k total for the remodel for the roof, new paint, refinishing hardwood floors, upgrading kitchen, bathtub surrounds, vanity, debris removal, landscape work, etc.