Usually for things like upgrading the pool / clubhouse, adding tennis courts, etc..

One tip that I picked up here is while you are starting out and saving money for your investments, start driving / visiting areas you would like to invest in so you get a feel for prices, rents , house conditions etc, and visit and look at lots of homes and open houses so your eye get used to looking at repairs / upgrades that are normal in a particular market.

The house gets broken into, all of the copper is missing and the place is trashed.

Considering the size and age, along with the fact that I don't have to upgrade the electric, replace windows and vinyl siding in next 10 years like on my two rentals....I don't think it is a stretch to value these at $70,000/side.  

So I splurge in things they will notice and appreciate...better appliances, backlit rocker switches, remote control ceiling fans, 6-panel doors, upgraded flooring, decent furniture and accent walls.  

After sitting in bed last night browsing the local Craigslist ads I found some locals that were upgrading the standard builder grade toilets with nicer pieces.I picked up an American Standard toilet for example @ $20 and even if it needs a flush kit it will still be less than the lowest grade they sell at my local Lowes.

The fridge kept frying its mother board at the first sign of lightening, the stove has a broken element and fried jet controller.  

The service is upgrading its technology to expedite loan processing to save lenders time and money.

One tip that I picked up here is while you are starting out and saving money for your investments, start driving / visiting areas you would like to invest in so you get a feel for prices, rents , house conditions etc, and visit and look at lots of homes and open houses so your eye get used to looking at repairs / upgrades that are normal in a particular market.

Even if you had a water sensor that alerted your phone about any problems with washing machine, it would be already too late by the time you got there to shut it off.Personally, I think the Wally Home system is too new with not enough customer reviews to feel comfortable spending $300 on it.That's why I'd focus more on upgrading and checking the washing machines hoses.