Purchase price: $129,000 Cash invested: $28,000 Sale price: $187,900Old home with no updates, did a full cosmetic overhaul (new flooring, paint, fixtures), updated plumbing and electrical, completely new kitchen.

@Chris Kendrick, people might negotiate it down to $350k, do some cosmetic updates and bring rents up to $900 and then it cash-flows.

I inherited the tenants (which is good and bad) and their apartments were/are decent but need some cosmetic work.

You bought this as an investment property and intend to do some cosmetics and then get a renter in there and start cash flowing. 

Cosmetic fixes to home, then added ADU.

Bathroom remodel and minor cosmetics.

Business plan: To do some light cosmetic updates and rent the entire building to traveling nurses/working professionals.

So let's say I find an undervalued currently rented property that may need some cosmetic repair such as new paint, upgrading appliances, and fixtures.So I will need funds for the Purchase price + rehab cost. 

One of the tenants will be leaving one of the units, and I am planning to do some remodeling (thinking about removing the carpet except for the bedrooms, and replace it with laminated wood flooring, as well as some painting and cosmetic improvements)My question is I want rationalize this expenditure in terms of ROI, and how depreciation fits in this case?

I am primarily in the market for a duplex in the 250-350k price range, something requiring basic cosmetic upgrades is preferred.I am looking to build my team as my deployment comes to an end, so I am looking for a realtor who is willing to commit some time into sending deals and answering questions as I make the transition back home.