You want bathrooms and the kitchen to be presentable, but do not go over the top.

Investment in this area tends to be block-by-block so as @Paul De Luca mentioned, it's worth driving through and assessing prior to making any investment decisions.

The N Arkansas Ave deal taught us valuable lessons and presented challenges.

The Ransom St deal taught us valuable lessons and presented challenges.

I'm not a lawyer but I'm familiar with large-scale real estate investors purchasing properties in the state of New York using a Delaware LLC.

A wholesaler came to my investment group meet up and presented the deal.

Vice versa, I would succeed if I were good in my numbers, outreach, ability to speak with sellers and properly present the offer and etc.

My soon to be buiseness partner and I are looking to form a series LLC in Delaware.

Not sure if the future will present a better RE investment market but I know that non value add, rent ready, LTRs do not project the return that I expect for the effort and risk of residential RE.  

But the issue is that virtually all markets present negative cash flow after the refi associated with the BRRRRR.