@Caleigh McDonough age old question.How long will it take you to save the extra funds vs how much the property may increase in price over that time?

Seeking Advices and suggestions on what type investment is the bestMultiple Single-Family Rentals: Diversifying into several single-family homes can spread risk and potentially increase returns.Multifamily Properties: Investing in duplexes, triplexes, or larger apartment complexes can offer higher yields and economies of scale.Specialty Properties (e.g., Event Venues): Purchasing a property like a ranch for hosting events is possible

Much of this type of business simply comes from portfolio management, tweaking a portfolio by one entity releasing inventory and acquiring more, it increases the yield by conducting exchanges over having a note sit there paying to maturity.

Renewals and rent increases- Research market rates; 3% is fair, but adjust if you’re far below market.

Irvington is very similar to newark, which has very strict laws with regard to rent increases. 

This increases the perceived risk and perhaps the legal fees to put in place and then defend if necessary. 

I would increase their deposit by that amount to ensure you have enough to cover an empty tank and a month of lost rent.

Year over year rent increases, icing on the cake.

In a seller's market, home prices typically increase due to limited inventory, while in a buyer’s market, prices tend to be more negotiable.

My question is, if I want to remodel aspects of it to increases its valuation does it make sense to wait until I rent it out a year to someone or do it before hand ?