Our goal is to continually improve it, so feedback is good. 

I did not want to replace the tubs, and the refinished tub looked much better than before.If you are using it on a higher end rental or on your personal residence, you may have higher expectations.Please note that you should definitely have a lot of air circulation (ventilation) in the room - the smell/fumes are quite strong. 

Is it a smart idea investment to buy a SFH property with built in equity, make improvements to the home, and hold as a rental?

Is it a smart idea investment to buy a SFH property with built in equity, make improvements to the home, and hold as a rental?

Mortgage rates have increased in recent weeks, in the midst of the spring home buying season, as the economy has shown signs of improvement.

The best thing you can do is work to improve that score.

The $18K rehab costs would be added to basis for depreciation, assuming you did the improvements before you rented the property.

And where it further improves is the investor is getting in pre-value add, or pre ARV, so they get to share in the forced appreciation and, therefore, the upside.

Here is a link to a website that showcases a few of the improvements to our first investment property, A buy and hold we purchased back in late 2020 using our VA home loan.

Ridgeview was acquired from 'mom & pop' owners and will go through an awesome value-add strategy by renovating the interior units, adding amenities, billing back utilities to tenants, and implementing a professional property management company to improve inefficiencies.