I would have likely replaced the exterior door with a new frame.

@Alfred LittonWe have a great program available for rental properties. 1 million liability, replacement cost, water damage, and $2500 deductible.

I put money every month into the S&P 500 index fund(you could easily replace this with a REIT index fund).

I understand not replacing $100 things with $2000 things but small things to make life a little easier for tenants is that a bad mindset to have for owning rentals?

I need a shower remodel / tub replacement and possible exterior painting and siding repair in a duplex in 34203 Bradenton FL.

View report*This link comes directly from our calculators, based on information input by the member who posted.The repairs I have considers and their factors are as follows:Possibly Roof (due to recent hurricane in the area in 2018)Water Heater (over life-expectancy)Appliances (over life-expectancy)HVAC (over life-expectancy)Flooring (they look terrible in the pictures and not long lasting)PaintCabinet/CountersLanscapingSeptic System Replacement/Cleaning

The destroyed parts have been removed or replaced.

How can you find quotes that cover cash value rather than replacement value?

So can I buy with cash on hand then cash out refinance and just keep the money or does the cash used to buy more rentals have to be the actual dollars from the cash out refinance.I figured if not required, I would use cash on hand and cash out refinance the rentals later and keep that cash IF I can deduct full interest since I used cash on hand to invest and am replacing it with the cash out refi money.

@Babu Ramadoss you're going to get the it depends answer. it depends on your short and long term goals. many will say chasing appreciation is gambling like the stock market. others say cash is king and never put your money where roi is not maximized. personally, my goal is replacing w2 income in 7 years so cashflow is king for me. that also means I need to use less leverage with lower roi, or do more brrr which would like take longer based on what I buy. your market will likely dictate one or other, and for the record I ignore appreciation in my underwriting as a buy and hold investor. the appreciation will never be realized until I refi out down the road.