I still think this is going to lead to savvy agents just buying a lot of the investor homes and doing trash outs and light fixs then reselling so in essence they will be buying their own listings.. going to put a real pinch on flippers and investors once the light bulb goes off. 

Cheap faucets, doors, knobs, lights and flooring show your intent. 

We purchased this light sweat equity 2br/1bath located in Warren, Michigan with the full intent of making it an LTR!

. ;-) It’s isn’t a picnic and it saps your time from investing.They are many other things that will come to light as the economy changes or regulations change or banking changes.

However if you find the right multi family building (let’s assume a 2-4 unit, which will still qualify for a conventional 30yr mortgage) buy at a discount and are willing to put in some sweat, you should be able to gain 10%-20% immediate equity through cosmetic improvements, such as paint, carpeting, lighting, etc.

However, as mentioned above, seeing the rent roll , may help shed light on what kind of tenants you have. 

After doing a few jobs with others who are investors, I’ve decided to dip my toes in the game and am looking for flips or light-mid rehab and holds. 

Living free with minimal out-of-pocket expenses will put you light years ahead of your peers, who are likely paying anywhere from $1,500 to $2,500 in rent, depending on location.

For example, if there are small problems such as plumbing, lighting issues, when tenants call, how can i fix it?

He then billed each unit for 1/15 of the bill and he paid 3/15 of the bill to alleviate anyone claiming this unit ran more lights or that unit ran longer showers.