@Daniel DeBruin, this is really all market dependent and how much you want to spend versus how much it will impact both the rent you can achieve as well as the quality of tenants it attracts.When it comes to design, it is all a bit personal opinion, but I will say: contiguous flooring always trumps mismatched, hodge podge flooring.  

You'll have better quality assets, and  more reserves.

A higher quality property in a better neighborhood in a better city is gonna outperform any Cleveland property in the long run.

Schedule a final inspection to ensure quality standards are met.Each of these sections would come with an estimated timeline, budget, and list of materials required, making it easy to track progress and expenses during the project.

They have been outstanding compared to the other two I had.

Here are a couple of SEC 8 specific criteria...1) If their court records or pay stubs show any record of garnishments, be careful because SEC 8 ignore garnishments and the applicant will have trouble paying their portion, just like any other tenant would.2) If you see an outstanding landlord judgment, call the caseworker to ask when the tenant first was accepted into the program.  

In order to harness as much of the effects that add to your net worth you want to buy as many assets as you can, and as much quality as you can afford.It is very tempting to go into cheap neighborhoods, but especially with the old housing stock we have in the Midwest capex will exceed cash flow over time and you are not building equity.Consider your first deal a proof of concept.

It can be very hard to find quality tenants from around Halloween through Januaryish IME. 

You could even define quality metrics for some of these tasks to avoid a party doing subpar work (e.g., all guest questions must be answered within X hours/days).OWNER USE: What if one party wants to use the property during the highest demand time? 

The 1% rule is doable, but don’t just go off that—focus on areas with strong rental demand and where tenant quality is solid.