@Patrick Howarth Great move transitioning your primary into a rental—now’s the perfect time to get your finances structured cleanly.

What I have thought is to do some arbitrage first, get familiar with all the "know how", form an equipment (cleaning stuff, property manager, etc), and then consider to invest, and, why not?

Update...They paid us the entire extra cleaning fee.

We did small renovations, cleaning and fresh neutral paints.

If you start a cleaning business/yardwork etc - think about the exit.

Quick heads up — I’ll also add an option to export/copy revenue estimates soon, along with a simple cost calculator (fees, cleaning, mortgage, utilities...) so one can see a more realistic net.

Further, about $1,000 for a thorough “cleaning”.  

They gutted the interior, cleaned up the outside, and within two months, listed it FSBO for $900K. 

Hey Ruslan, it's obviously all depending on the age and consistency of maintenance of the property and equipment, but most likely plumbing issues with leaks and clogs needing to be snaked, roof leaks especially around certain openings like vents and skylights, HVAC issues like filters needing to be changed and duct cleaning, and even silly things like smoke alarm battery changes that some tenants likely call about.

With no renovations needed, we quickly turned it around and sold it the same day for $17,000 — a clean and simple win!