We finished up the inspection downstairs, then went upstairs to find a lovely surprise on the hallway carpet!

They regularly drop their suits and shirts at a cleaners- so they don't think twice about paying $4 for a load of laundry.

Data: A potential offer: $95,000  --  Closing cost: $3,000  --  Initial Renovation: $5,000 (paint, carpeting; approx 2000 sf)  --  Estimated rent/month: 1,500 total both units  --  Loan amount/I.R.

There are always inquiries coming in, questions from new guests, scheduling the cleaners, training new cleaners, Etc.

We target homes in better school districts and our tenants move here for the schools; they are usully long term tenants, which keeps turn over cost low.About that: our average rent is about $1,500, so when a tenant calls me to move out, that's a $5,000 phone call:- one month vacancy $1,500- re-leasing, one month rent $1,500 (okay I self manage, but my time is worth something)- clean up, paint, carpet etc (wear and tear, not covered by SD) $2,000So, based on that it's easy to see why we do a lot to keep our tenants happy.- during initial remodel we finish the basement as a family rec room- our homes are nice and modern: new kitchens, bath, recessed lighting, stainless steel etc- we do NOT raise rents, at least not inside of the first 3-5 years (this would be a sin on a MF!)

Come home to fresh paint, new millwork/doors, new hard surface flooring, new carpet, and more.

We purchased low at 104k and did very small renovations - paint, cleaned all carpets thoroughly, updated fixtures, put in Corian countertops and did white subway tile backsplash.

Do they have carpets or hard flooring?

new bathrooms, paint carpets cleaned, ducts cleaned, professionally cleaned and new windows.

Roof looks good carpet could be replace or professionally cleaned the kitchen floor could be be replaced as well.