There's some strategical thinking to be employed here.

I guess I was looking for reassurance that strategically increasing value through renovations is in fact the way to go.Now once I get to the position where its time to talk refi, when you say "a lender," would this be the lender I already have the home loan through, or is that someone I can shop around for? 

I have been listening to Bigger Pockets for a few months now and since taking all the advice that I have strategically stumbled upon, I have to say my career is starting to gain momentum.

With student loans, you may want to be more strategic.

Once the site of the campus is announced, there will be opportunities to buy properties that are strategically located, for mere speculative purposes.If 50k new jobs will be created (over what time span?)

Certainly REITs have their own strategic niche and plan. 

That way you can strategize in the event that you want to 1031, refinance, etc., and you can bring that plan to your CPA for their seal of approval so they’re still in the loop.

Think smart, think strategically.

We are excited to get going but want to be strategic and smart about it.Your advice is much appreciated and we thank you all in advance!

., an actual rentor in with a lease agreement is great documentation.Email conversations with your professionals strategizing on how to treat this property long term is also documentation.Getting the property on your Schedule E is pretty important as well.All of these things paint a picture.