The upgrades are generally quite marked up too.

Four or five years ago, new home buyers were spending anywhere from 10 to 50 percent of the purchase price of the property on options and extras, like upgraded tile and carpet, extra bedrooms, and a third or fourth garage bay.

In both cases we just upgraded our own kitchen Bosch units & moved the old ones into the SFR & they are still running.

Zach,I believe the FHA loan allows up to $35k for repair/improvement/upgrades.  

You can arrive with a number and try to annualize the number.Cap ex is a line item after NOI, does not affect value of the property and is used to upgrade your property.

However, when I receive clients QB files who have broken out PITI throughout the year, it’s generally off and I have to clean it up (not a big deal).

We figure, conservatively after a few upgrades, that we can make approximately $200-$300 on the home/month after expenses.Any thoughts on this strategy?

We  don't generally have AC here in the Northwest, so this will be an upgrade for our rental units. 

The differences with what we are doing and fixing and flipping retail is just a matter of material upgrades and finishes.

Had a tenant text me last week that he left his job in the area and would be out of his apartment by Oct.31st.His lease ends the end of May 2016.I reminded him that his lease was through May of 2016, and we would make...