Its a great time for investors to tap into the equity they've accumulated over the past few years on a cash out refinance with improved terms. 

They have been making good use of the influx of tax money that came into the market from the influx of visitors during covid and have been reinvesting into the area for some considerable improvements. 

Most likely 27.5/39 year property since it's exterior improvements.

Make a good connection at your home improvement store/outlet whatever it may be.

Current systems and tools:- Assistant to manage payments, invoices, ensure rents come in and chat with tenants for issues- Melio for vendor payments- Baselane for banking - separate accounts for each rental and deposit- Google sheets for Income and Expense reporting- Azibo for rent collection automation with late fee automations- Drive for my leases, SOPs, and documentations of tenants move in/move outGoals of improved system:  ensure I have a read out of how each property is preforming month over month, check on big expense items, ensure vendors get paid, mortgages get paid and rent is coming in, generate APY on float and savings for any big CapEx that comes up, and make my life easier come tax season.Is there a single software people use or what do you do for your business systems to optimize all of this?

Like the other posters have mentioned the credit score / credit report is likely an issue - with what you describe there certainly seems to be some stuff missing for it to be that low - but on the flip side, it could be a situation where professional credit repair could make a relatively quick big improvement.

Hopefully the area keeps getting fixed up and those things will improve!

You may have to deal with negative cash flow while your living there ( basically pay rent)  - add improvements that add value to the property so that when you do move out, you can increase the rent.

Here’s why it might be a smart move:Maximize ROI: With leverage, you can control a larger asset value with a smaller initial investment, potentially increasing your returns as the property appreciates.Preserve Liquidity: Keep your cash available for other investments or emergencies while still participating in lucrative real estate opportunities.Tax Benefits: Deductible mortgage interest and expenses can lower your taxable income, enhancing profitability compared to an all-cash purchase.If you have the means to buy with cash initially, you can later refinance to unlock equity for further investments or improvements.

Focus on improving your income and reducing expenses.