Duplex Questions - Saving For Repairs
I'm analyzing a duplex deal that I see in my market. I plan to live in one unit and rent out the other.
Analyzing this multi-family deal there is a separation between repairs that need to be made and repairs that will be beneficial to make. A repair that I would like to do but may not be in the budget yet is install vinyl plank flooring and removing trees around the yard to create less maintenance.
1. Do you feel that saving for these repairs as a percentage of monthly rent is the best approach if these types of repairs? My goal is to not sacrifice initial cash on cash returns while creating a plan to create a solid rental.