A recent study showed that 80 people are moving to this city every single week, which will continue to increase housing demand.

My question is, if I want to remodel aspects of it to increases its valuation does it make sense to wait until I rent it out a year to someone or do it before hand ? 

Year over year rent increases, icing on the cake.

Seeking Advices and suggestions on what type investment is the bestMultiple Single-Family Rentals: Diversifying into several single-family homes can spread risk and potentially increase returns.Multifamily Properties: Investing in duplexes, triplexes, or larger apartment complexes can offer higher yields and economies of scale.Specialty Properties (e.g., Event Venues): Purchasing a property like a ranch for hosting events is possible

Chances are you already know someone within your circle of influence that can help you.

In a seller's market, home prices typically increase due to limited inventory, while in a buyer’s market, prices tend to be more negotiable.

Irvington is very similar to newark, which has very strict laws with regard to rent increases. 

I want to build a home on the property to increase value at some point.

The increased depreciation deductions can offset your taxable income, including gains from the sale of the previous property.

I would increase their deposit by that amount to ensure you have enough to cover an empty tank and a month of lost rent.