you have to be careful with SFRs that only have gross rents lower than 700. you may not have enough gross revenue over time to pay for that 8k roof.. or other major components that WILL need replacing or major upgrades over a 10 to 20 year hold.

Upgraded granite countertops in the kitchen and main bathroom.

Upgraded granite countertops in the kitchen and main bathroom.

Planning to renovate all 4 units up to market rent with open floor plan, LVP flooring, upgraded kitchen and bathrooms.

Small upgrades over time.

A property can be older but have a younger effective age Because its major systems have been upgraded.

Cosmetic upgrades only seem to take minimal value from a house these days, but if there are major structural or mechanical issues, you will likely take a bigger hit on the price you can sell for.Regarding the photos, of course stage first before photos.

I want to live in this home and do cosmetic upgrades and eventually have it as a rental or Airbnb but I’m not sure how to handle the possibility of lead based paint.

One thing I am seeing consistently is properties that have the upgrades or space continue to blast through normal rental comps.

We are replacing kitchen appliances in 45 units, and I've got to believe there are people in this community that do this far more often than we do and can offer advice on vendors and logistics.These are occupied units where we have already upgraded countertops and cabinetry, and are now just looking to install a new stainless fridge/dw/stove/microwave in each one.