We used to have a great segment where you could buy properties for under 130k that would be worth over 200k when all fixed up.

We've worked with multiple clients to select and renovate properties in a way that if house hacking doesn't work out or your life changes, you can turn it into a long-term rental.Our property selection process is based on the tenant segment we want to occupy the property.

I decided to divide my answer to your post into two parts: what to renovate, and lessons learned.What to RenovateThe renovation items depend on your target tenant segment.

While this may seem high, appreciation for the segment we target has been >15% since 2013.There is another advantage to high-appreciation markets.

Identify, define and understand your ideal target market and what segment of that target market you want as a client or prospective client. 

Technically you take the entire city's price range ($0 - $1,000,000+) and divide it in 4 segments.

I would like to be able to see neighborhoods so I can segment my market.

Learn this segment first and then start learning the level just below it next.

It seems to me that Family Offices are a very small segment to focus on.  

He's a very experienced loan officer in the 2-4 units segment.