For now, we are keeping it a 3/1, redoing the flooring, painting, and updating appliances.View report*This link comes directly from our calculators, based on information input by the member who posted.

If the tenant chooses not to schedule automatic withdrawals, Cozy.co will send them reminders.

It has been remodeled, new roof, paint, interior, floors, appliances, cabinets, countertops.

This isn't just the lost rent when turning over a property but also, do you have to cover utilities during that time, have to freshen up the paint, etc.

And if you are a newer  investor, syndications allow you to hire a manager that has infinitely more experience and knowledge than you can ever hope to gain (and thus avoid newbie mistakes).The biggest disadvantage with syndications is that you have to be able to feel comfortable with vetting and choosing a manager that will have full control.

I'm curious, are you planning on keeping and painting the wood paneling or removing it all?

Differentiate on price and let the tenant choose.

Minor painting.

Or would you sell it to an investor thinking they might be more interested in the income numbers than paint color or other nit picky things?

Covering lead paint with regular paint doesn't make it lead safe.