Degree of DIY Rehab for Buy/Hold vs. Flip

[Michael Spindler]

To clarify, I am aiming to Buy/Hold for long term rentals (SFR/MFR). Cash buy REOs.

As I read through various rehab topics and books. I am left with a question.

For a flip, the pics I have seen can be very nice looking, even charming. For the Buy/Hold crowd rehabbing your own property... Is there a difference in the quality of materials, extent of remodel, etc?

I want to provide a safe, quality home, that a tenant can be proud to live in. But adversely, I don't want to spend $20+k on a full blown remodel/modernization. At most, kitchen, bath, flooring, paint. Possibly roof, HVAC and a new driveway, if "required".

I would like to know what balance other investors have found "workable". When is a project too much to take on for you?

For my target neighborhoods, I can only expect $600/month rents.

Thank you for sharing.