I would suggest starting in areas like Merion/Hungarian for value-add opportunities, South Linden for fixer-uppers, and Whitehall - improving market.

If the repairs are capital improvements (e.g., replacing entire siding), you’ll need to capitalize and depreciate those over time.The unpaid rent is considered a loss, but it’s not directly deductible.

You may be surprised how quickly the MLS value can improve with improved curb appeal alone as well, so consider the landscaping if you want a quicker way out of the property. 

Interest rates are showing signs of improvement. 

That said, some lenders are flexible if you can show the improvements made. 

You would determine an amount to set aside for repairs, improvements and vacancy beforehand.  

Are there things it doesn’t do well, or improvements you think could be made?

It’s a small single family three bedroom one bathroom unit, I bought it for cheap and plan on renting on the higher scale by making minor improvements such as flooring, fresh paints and of course new kitchen and bathroom

Here are a few thoughts I have:Market Research: I’m willing to dedicate time to researching potential properties and analyzing market trends to help identify lucrative deals.Networking: I aim to build relationships within the local real estate community, which could open doors to new opportunities for us all.Project Management: My military experience has equipped me with strong organizational and logistical skills that could help streamline processes and improve communication.I would love to hear from seasoned investors about their thoughts on partnering with someone who may not have a financial contribution upfront.

Knocking out improvements over the holidays, and selling beginning of the year when interest rates drop and home prices increase due to demand.