First, we invested $25,000 in targeted repairs and renovations to enhance the property's appeal and functionality.

However, I think, with REPS, we can deduct the expenses and depreciation against his W-2/K1 income which make the overall picture look appealing.

We bought the property for $218,000 on 2/28/2024, spent $2,500 on repairs, and enhanced its appeal with minor touches.

There is also space to park 4 cars.I will be back in the area early May, so if this sounds remotely appealing, we can chat further on a call or meet in person when I am there. 

Photograph or video the empty unit and get the place ready for the next tenant.

I know it was complete renovation and the ability to rehab this property and increase the value of my house next door was appealing.

Najeh,You will want to focus on investing in areas where basic improvements such as curb appeal and internal updates (ie kitchen/bathrooms) would support higher property values that you could refinance or sell to make your money back. 

This involved a thorough property assessment and minor cosmetic improvements to enhance its market appeal.

This involved a thorough property assessment and minor cosmetic improvements to enhance its market appeal.

The quick turnaround aligned with our efficient investment strategy, and the clear profit potential, even if modest, made it appealing.