If the tenant is a D class tenant that is undesirable and I think I want to move them out, then I am not going to show a lot of rent increases from year one to year two, because I know once I start enforcing the rules, these people are going to leave and I am going to have vacancies and have to clean up those units and bring new people in.

Other problem is the 3rd floor has electric baseboard heating which may not mater if I decide to seal it up.The 2 units are both in very clean shape, totally turn key, however the home is wired with knob and tube which would normally be totally removed.

The city is still in clean-up mode as there is much work to do.

She trashed the apartment and the repairs are costing about $5k consisting of $2k carpet, $1.5k doors, drywall, etc, $1.5k paint.I know i need to capitalize the carpet and depreciate it, but am I required to capitalize the new doors, drywall repairs, and painting the entire apartment as well?

The now vacant unit received: new carpet/vinyl, cabinets, appliances, paint, interior doors(old ones were destroyed), vanities, toilets, tub surround, HVAC rehabbing and some electrical outlet upgrades.

As an investor, the main concerns for me now are, is this place affordable for a family, is it clean, is the area desirable, how much can I rent it for?

Repairs no much but would be carpet in master, some paint touch up and small drywall repair.

One unit was a clean 1 bed 1 bath with long term tenants 3 years and the other, which i intended on moving into was a 3 bed 2 bath thrashed!

All it takes is one wife to not like the countertops or carpet or get mad because of something and it's all over.

It is the reason that people tend to 'cheat' first before cleanly breaking off an existing relationship and Then moving on.