He didn't want the walls, so he could  keep his cost low.

He started doing small, low-key investor dinners where everyone could swap stories and insights, no hard pitches, just good conversation.

There is no given answer here, because the whole property needs to be relatively consistent.Kitchens and baths are the common answer, but if they are passable and you choose to invest in them anyways at the expense of peeling paint (or off putting exterior color) and overgrown landscaping, the appraiser and tenant will be walking up with a bad taste in their mouth, thereby not valuing the interior work you have done.But think about the general flow of someone looking to rent: more bedrooms will typically dictate more rent.  

If you're not set on a specific market, it's worth waiting until you choose, as forming the LLC in your target state can simplify compliance, property registration, and taxes. 

what made you choose it over BRRR, or fix n flip?

Thinking about marking them up 20 percent and chsrvyhg interest in the low teens.

I would buy again if I had the chance.Why I choose Fredericksburg?

I'm just gradually deleveraging, this next time by likely buying all in cash, and continuing to not lever my properties until cap rates are lower than interest rates... unless I can get cheap and low leverage debt through assumption.

If you choose not to show up, he would almost certainly be awarded a judgement.Of course, you could choose not to pay the judgement, but then he can send it to a collections agency and your credit score will be trashed.I don't see a scenario here where you get through this cleanly.  

I see so many landlords lowing money through rookie mistakes, yet they continue looking for more doors.