I'm also trying to keep my eyes peeled for properties that require some rehab (kitchen/bath/flooring/etc).. not major projects.Details: -I have set aside $350k of expendable cash, and I'd like to leverage this.

So, they will give same consideration to a property with a dated kitchen as a property with a brand new kitchen.

One room with kitchen & bed. ~350-450 sq ft. 

Other than that, we replaced roof and front deck, put in a new kitchen , new floors, paint and bathroom... came out marvelous. 3 offers the first day on the market and we sold over asking price.

Purchase price: $63,000 Cash invested: $70,000 Sale price: $215,000 Project Overview:a complete floor to ceiling renovation with an added bedroom, full basement reno, custom kitchen, and a full list of other upgrades. https://youtu.be/BXD5TU2VCsA?

Updated some of the furniture and kitchen items.

Currently buying a duplex that needs a full gut and renovation including windows, roof, floors, hvac, plumbing, drywalling, kitchen, and bathrooms.  

New roof and basic upgrades to kitchens kept the existing tenants.

I remodeled her bathroom, upgraded her kitchen a little and added central air and other things.

You enter into the kitchen area with little space for your coat but that's expected at 550.sqft.