Whatever percentage rent per month you can get for a minimum rehab, aim to only spend extra IF its higher rent return at least maintains that percentage?

You should be aiming for 30% as-is discount, whether for Flipping OR Renting out.

Hi Ryan, The way to tell if it's a buyers' or a sellers' market is by looking at months of inventory, which is a measure of how long it would take to sell everything currently on the market if no new houses where added.

After re-reading your first post, there definitely are drop ceiling tiles in most of the basement which I didn't measure past. 

Not only does this free up capital for investment, but it keeps me lean and beholden to no part of lifestyle inflation.I have colleagues who are unwilling to quit their jobs or take measured investment risk because of the threat it poses to their lifestyle costs: homes, cars, vacations. 

I'm aiming to start with a simple paint and carpet rehab.  

Add in some bleach for good measure, but it's not really necessary.

I am a big fan of preventive measures, but is this something I should really jump on right away?

Also looking at Wilmington NC on a tip from a friend if New Haven is too pricey (Last BP Podcast with Steve Garner from Wilmington was super helpful and full of good tips)    Haven't found/reached out to local REIA yet, but aim to this fall.  

I think in the end, as long as I'm measuring where I stand in relation to my overall goals, then I'll be just fine.