I was wondering if it worth it to put in the work and try to update the house or if its better to just sell the house "as is".

It requires work and a quality team.

We're not doing any major improvements to the building yet as we've been able to raise rents without doing so, but do forsee doing this work, and he would be the one doing it.- We also foresee buying additional properties with additional LLCs.

I have saved enough now to put down 5% and move closer to work and get another condo with 2 baths instead of one (the one i have now is just 1 bath).

My mom and aunt paid $15k for electrical work and had a home warranty been established, the cost would have been greatly reduced, if not eliminated.

Surely you won't need to do anything extravagant to the home, but I wouldn't want you guys to end up with more work and financial commitment than you intend.

Now here's the catch, you wanted to do the LEAST amount of work possible (ie: find the deals, buy the property, have other people do all the work) AND enjoy the rewards of having passive income (reinvesting profits, traveling, enjoying life, being able to manage the business remotely).HOW would you set it up from the start to become what's listed above?

Earn, save, live frugally, put your wife to work and save every penny you can.

OR cash flow where I'm currently at if I partner up with other investorsTurn-key rentals (I'm anticipating to have my bandwidth to be stretched thin due to full time work and school, although this doesn't negate the fact that I will make the necessary adjustments if needed)Buy and HoldOpen to the idea of flipping as well but I have zero experience in anything construction related.I hope that this is enough information to get the discussion rolling.

When you have documentation and get it back in service, you want to be able to defend your work and make sure you have an insurable house.