Progress updates to follow and we’ll go over projects like this in detail at our FREE monthly meetups in Lowell, Waltham, Worcester, and Manchester. 

Updating my books now with a subcategory under vacancy for turnover costs.

It all depends on acquisition price versus what may or may not need updating; the After Repair Value and then the cash flow you'll receive.   

I would check the cost of just renewing and updating your mailing address, vs paying for a new one

I have a tenant moving out of a unit next month and I'm trying to decide how much updating makes sense to do for the area.

Follow Redfin or Zillow ( I can't believe I am saying this lol), but better yet the BP YouTube channel for US market updates.

A 2BR that tiny could possibly attract less-than-desirable tenants.Here's how I would handle it - as you update the next couple of units at turnover, convert them to 1BR and see how quickly they rent.

It's great to network with people who are already operating in the 5+ Unit space, having said that I live and invest in your market, and would love to connect with you as well and help out anyway I can.We will be posting our event soon, to stay in the loop feel free to join my e-mail list here to get first updates on all future events: http://eepurl.com/hLdwBz

I'll be living in the owner-occupied unit that's in excellent shape, and I inherited some great tenants who have been there long term, pay fair rents, and are completely content in their unit that will eventually need some updating whenever they do move out.

Over the last 5 years, we've updated the bathrooms, kitchen, new shingles, replaces all inside doors, ran a gas line to the stove, replaces facia and other details costing us approximately $25,000.