One bedroom still needs a kitchen, bathroom, seperate electrical panels, seperate HVAC.

I have been a landlord and investor for over a decade AND also work as a senior/regional property manager so I feel like I see both sides and have some good insight on this- manage yourself if you have the time and fortitude to do so, you will make mistakes but it will pay off, get a real estate license (not hard to do plus you can sell and buy properties and get commission) and know the laws, be willing to do the research, NO ONE IS GOING CARE AS MUCH ABOUT YOUR PROPERTY AS YOU- that being said, not everyone wants to has the time ect or headache or likes asking for rent…FIND A MANAGER THAT ALSO IS A LANDLORD INVESTOR, I can’t tell you how many property managers I’ve tried training and that failed at our company because they just don’t get it from an owner or investor side, like “no tenant we aren’t going to come replace your stove again, no we aren’t going to clean your bathroom cause you didn’t , ability to analyze when to do maintenance and not, ability to explain to tenant owners POV, I tell every owner I am not telling you anything I haven’t done or I’d do my self, a lot of property managers are blue colar type workers and have never invested in their life and just done get it, 4 out of 5 property managers fail at my company because of this especially for single family homes, find a PM with speciality in SFH for your area, for example, a PM in Birmingham MI (upscale area) will fail in Detroit or lower end markets (but that’s were the best ROIs are)

(I'm thinking adding 2 Beds and 1 bath, or maybe a master with walk in closet and an on suite, a large corner home office, etc. raise rent to $1,600)Needs: Roof, Siding, and Basement Work (potentially more space if the basement is redone, adding a bedroom and bathroom, rent at $1,800?) 

The best bet are homes where you can rework the floor plan to add bedrooms/bathrooms.

I plan to upgrade to 2 bathrooms after the cash out refinance.

Note: would be using 50k to pay off my debt at closing.Plan a: Buy into a 1.2m retirement home style 18 unit property (18 doors, 5 bathrooms, commercial kitchen, etc) with $200k. 

Tailoring renovations to these demographics can maximize appeal and marketability.Comparative Analysis with Surrounding Zip Codes43613 and 43615: These areas, with higher median incomes, might offer opportunities for higher-end flips but may also face stronger competition and higher property costs.43606 and 43608: While the potential exists, these zip codes may not experience the same level of market appreciation as 43620, which could affect profit margins.Strategic RecommendationsInvestment Focus in 43620Cost-Effective Renovations: Focus on upgrades that enhance fundamental property values, such as kitchen and bathroom remodels and improvements in curb appeal.

Renovated via, paint, lighting, bathroom updates.

Needs a roof, siding, basement, kitchen, bathrooms, bedrooms, etc.

Ugly unframed bathroom sheet mirrors - Pick up enough trim to cover the border.