Our partner, Louie, from LSHI Contractors is handling repairs and upgrades.

As to the potential for income, there's too many variables to give someone advise, not knowing how they manage units, amenities, upgrades they'll make, etc.

When we renovate the rest of the home we will put up walls and a laundry/office between the house and the apartment which will1. capture the square footage of the apartment as living square footage when we sell and 2. add a huge lifestyle upgrade to the home by creating a laundry room and an office in the space between the home and the apartment.

Being able to provide legible, orderly copies of these items will start you off on the right foot with your lender.Show how your investments have improved the property valueIf you've completed any improvements to your property in the last several years, you'll want to show proof of those upgrades to your lender.

We took good care of the house and were able to make upgrades a couple of years before turning it into a rental.

Cosmetic renovations, upgraded electrical, plumbing and later the roofsection 8 tenantsrefinancing What was the outcome?

I'm likely going to want to upgrade some of the mechanicals, including the electric panel (it's fuses) and furnace, possibly the HW heater as well.My question is, what would you do in terms of remodeling the space?

@Agustin DionicioThis is a very vague question but I will answer based on my belief and my investment outlook.I believe that everyone is different and that it all comes down to personality and individual responsibilities.Some hypotheticals to illustrate:If I was single and had no responsibilities my risk level is off the charts- I would be willing to go 100% in because if I failed, I only have me to worry about and I know as a single individual I can endure some pretty harsh condition and will be able to work my way out.As a married man, I still have the same personal risk level but now I have to consider my other half in the financial decisions.

I looking for what upgrades would be great to make to get the most on ROI.

Added sq. ft and upgraded high end What was the outcome?