A kitchen is the true center of a home, where life is lived and enjoyed. 

Upgraded HVAC, replaced some old leaking pipes in kitchen/ baths, minor electrical upgrades, light interior wall/ ceiling patching and additional Cypress and Japanese Maple trees to yard.

There are a few ways we will be maximizing the potential of this property (i.e. impact windows and kitchen upgrades).

Normally we have brand new kitchens with quarts countertops and brand new bathrooms with shower tile design. 

I removed the wall that divided the kitchen and the living room to create an open concept kitchen.

They won’t be expecting the same money as their neighbors with the shiny new kitchen and fresh paint. 

Purchase price (inc closing): 130,000 75% loan = 97,500Renovation: 25k - update kitchen and add a dormer turning top floor into a proper bedroom (currently being used as one as it is)ARV: 190kPotential rent: 1650 - 1900 (friend has property on the same street that rents on the higher end of this range)Montly cost = 600 (capex, repair, tax, management/tenant placement, insurance, buffer)initial invest 25% down  + closing + construction = 32500 + 4000 + 25000 = 61500 + carrying costs until its rented (2 months)Refinance @ 70% based on 190 = 133,000 Money pulled out = 133,000 - 97,500 = 35,500; So would I essentially be leaving around < 30K (based on 61,500 + carrying costs) in the deal and the future returns are based on that number essentially?

Kitchen has upgraded appliances and granite countertops.

The major appliances/systems are practically new, but flooring, kitchen cabinets, and bathrooms have not been updated since the early 90s. 

Purchase price (inc closing): 130,000 75% loan = 97,500Renovation: 25k - update kitchen and add a dormer turning top floor into a proper bedroom (currently being used as one as it is)ARV: 190kPotential rent: 1650 - 1900 (friend has property on the same street that rents on the higher end of this range)Montly cost = 600 (capex, repair, tax, management/tenant placement, insurance, buffer)initial invest 25% down + closing + construction = 32500 + 4000 + 25000 = 61500 + carrying costs until its rented (2 months)Refinance @ 70% based on 190 = 133,000 Money pulled out = 133,000 - 97,500 = 35,500; So would I essentially be leaving around < 30K (based on 61,500 + carrying costs) in the deal and the future returns are based on that number essentially?