This reminded me of a Wall Street Journal article that came out about a month ago.

My favorite for guaranteed savings is this:  Hang up the suit.

Got to the wall with the tenant.

Hanging my license with a boutique real estate office that would embrace real estate investing and allow me to wholesale would be ideal. 

v=JrYtD7gSWsI I think this owner needs to screen his renters a little better, And fix that hole in the wall.

So in theory it can't be a LTR if we move out someday, but a lease naming a tenant as "manager" probably gets around that.I've thought a bunch about how to improve the property's cash flow, and there's lots of marketing and operational low-hanging fruit before we get to capital improvements. 

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

My carpet had a few stains and the walls had few touch-ups.

A Queen Ann Victorian has best tri-potential, but will be a choppy-choppy layout so many interior wall moves to be done.

If it's in a condo complex then there should be some kind of flood insurance for the building wrapped in, you would only need a "wall-to-wall" policy.