Buy and hold repairs

[Michael Kistner]

Hey BP Forum!

When you purchase a buy and hold property do you believe in making only necessary repairs or do you go in and gut the place even if it doesn't help your ROI?

     I’ve been going back and forth on this lately and am leaning towards gutting the rentals and updating them. But I’d like to get more opinions and hear others strategies. 

 Thanks,

   Mike