Not to mention a little more economies of scale with repairs, construction/upgrades, etc. :)

New roofs, flooring, paint, exterior upgrades—Parking.Cooling-Window ACHeat-Gas FurnaceCity Water and SewerOwners Pro Forma:ARV: 2,860,000Gross Income: $433,000Annual Expenses: $99,000Expenses: Property Taxes, Gas Bill, Insurance, Maintenance Reserves, Water and Sewer, Property Management

Seems like a lot of wasted effort but if you are willing to spend the money now to upgrade to a ducted system, you will save yourself the hassle in the future when the inevitable happens and the boiler goes out, while still providing AC 

Popping the top of a 1 1/2 story building to add a 2nd story including full home mechanical upgrade, add passive gravity feed water mitigation system, I'm your "jelly-bean". 

I would like a basic bookkeeping software, desktop, that I can purchase and use until I want to upgrade.

We will give them ample notice that we will not be renewing these leases Our plan is to upgrade the property at that time to include:New concrete walkways out side, new stairs and porches for the upper unit.

From the MLS photos and provided information, it looks decent (needs cosmetic upgrades), has an open floor plan, great square footage, in a good school district, has a high average rent for the area etc.

I have upgraded to a PRO account and have been running numbers on some BRRRR properties and they've ALL come in at a monthly loss. 

Hi @Daniel Kramer, you'll probably want to look at is as simply as possible, like $Cash You Spent Buying your home + $Money Spent on Major System Upgrades = Investment. 

It is never a good idea and highly risky to make upgrades/improvements on a property that you don't own.