Hi Everyone - I'd love to hear everyone's tips and tricks when it comes to increasing the value of your investment home - either for aspiring tenants who want to live in your property, or in a modest "flip" sale situa...

That's a great question, and I think you nailed the issue - there's not a standard definition/criteria beyond it can be rented in current condition.

In your case the numbers are not yet nailed down, but once they are, let those numbers (and remote property management figured into those numbers at 10% of rent) make the decision.

In any situation, if the numbers work in the end - it really doesn’t matter where, given the neighborhood you are investing in is reasonably safe.Once you’ve nailed down a location, you should make contact with a few PMs in the area - this is crucial for out of state investing.

Because they are epoxy bonded aggregate you can bond new aggregate on top of a chip and/or polish down burns or other damage.

There were a million nail holes to fill and cracks in most of the walls to fill.

I have a really little one (great for finishing nails but slow for framing), and my dad has a big one, but dad's is not portable like mine.

Putting up cheap paneling (and for some reason it's always DARK paneling) to cover plaster walls since these walls tend to crack easily with any nails is something I've noticed in many of the old houses around here.And yes, there are typically lots of surprises when dealing with an old house.  

@Ryan Moyer hit the nail on the head.

@Michael Mejia you nailed it with your last response.