I had an electrician come out to give me a bid on some electrical work identified in my inspection report.

I’m in Las Vegas, 2500sf SFR with an electric car, 3 pool pumps, and 2 ac units.

I know light electrical, plumbing, sheetrock repair and can fix nearly any appliance that needs fixing, including minor repairs on a/cs .

But 50% of a watermelon is better than 100% of a grape as Mark Cuban would like to say.Here's the financial snapshot:~$650,000 worth of property~$520,000 worth of debt service~$130,000 worth of equity ($43,300 each)~$1,300 cash flow (after PITI)$0 out of pocketInfinity ROIInfinity knowledge$5,000 set aside for future repairs (money from bank refinance)Lessons Learned:-Plumbing is one of our largest expenses-Check all the electric, worth the peace of mind-Granite is worth the extra cost even on <$100k homes (better ARV, tenant proof and better tenant)-Section 8 isn't so scary if you've got a good tenant-Having a truck is a game-changer!

I'm not sure if tenants would pay more money for the unit if we had these, but I was thinking about paying for all the electric myself and then billing back the tenants for all their electric usage.

For what it's worth, I started out at age 22, the house was kind of dumpy so I did some initial, minimal cosmetic fixes and got a couple of roommates while I lived in the basement, which was not finished and served as a pretty powerful motivator to get it finished in my spare time.

With all park owned homes, you lose the power of the "homeowner" mentality and essentially have a lower quality apartment with high maintenance requirements, and the tenants can pack up and leave anytime. 

This is more of a mutual fund power play than a strategy for an individual investor.

Costco is also where I purchase my laminate flooring if the house doesn't have hardwood floors.I definitely want to power wash the house this spring even when it's already occupied though.

I got a building permit, put in a temp power connection and built a perimiter fence around the land.