The property I chose was a large rehab; all major systems replaced, floors, and cosmetics.

I know with renovations it could be bringing in close to $1m a year in gross revenue.There’s also a 5 year old mixed use building. 48 apartments upper floors and 5 retail spaces in the bottom.

If its a ground level standalone home with landscaping needs, don't have a great recommendation currently, still working through some of those myself, most of our units are condo's at top floors, so its not needed 99% of the time.

I'm not familar with any modulars that offer this as a standard floor plan, but I do know several builders are beginning to.

There's lots of inexpensive porcelain that is literally jet printed with stone patterns, I love it for kitchen floors and counter backsplashes.

People will appreciate nice flooring, fixtures, paint, updated bathrooms (it blows my mind how many landlords will leave disgusting outdated bathroom tile and fixtures in units), etc. more than anything.

Shortly after I found out its a Single Room Occupancy(SRO) with communal kitchens(2 floors and 1 kitchens on each floor).

Purchase price: $240,000 up/down duplex with potential to add 3rd floor unit What made you interested in investing in this type of deal?

Phase one is get things updated enough to open (new beds, paint, flooring, etc.) then Phase two happens in the off season and in smaller chunks of rooms at a time to get it to where I would like it to be long term.

We do have a decent amount of cash put aside in savings that we could put towards new flooring and/or some other fixes in a rental, we each have a retirement fund, and we do not touch the income that our first rental has produced unless it is something specifically needed for that property, so that is building up slowly, but nicely.