Let's say one buys a four-plex, each unit with two bathrooms. You also have four kitchens. This four-plex was purchased for 350K and you get 1K rents per unit, per month.
After all Normal operational expenses you net 1K a month. But now it comes time to update the units. Bathrooms and kitchens are far more expensive than empty rooms, and you have 8 bathrooms and four kitchens... I'm not Bob Villa, but I have no issue doing flooring, paint and trim for a bedroom. Bathrooms, maybe. Kitchens? Leave it to a pro, I've seen the results of the DIY jobs from houses I've looked at. Doesn't this become ridiculously expensive? You would have to factor in a higher cost for expenses. Perhaps you are only making .6K per month allotting for this. Are MF properties really that much better than single family homes? Heck, I'm starting to think SFH's with only one bathroom are the way to go to minimize expenses. Bedrooms are what bring in income for a rental, no?
