@Lucas HannonTo prepare for a multifamily property investment, read books on real estate investing, network with investors, analyze deals using tools like BiggerPockets, stay updated on real estate news, improve credit, collaborate with professionals, understand Texas landlord-tenant laws, develop a strong investor mindset, and set clear goals.Good luck!

That always makes it so much harder to rent, or secure a great tenant.Here's my standard go to list now for long term rental updates:-LVP that looks like wide plank white oak-Ultra Pure white on all the walls-Vertical/ modern stack backsplashes and showers-Pop of color on the cabinets (pop of color can include black too)-Butcher block countertops (lower end) or white quartz countertops (higher end)-Modern light fixtures in brushed brassKeep it neutral still but a couple of style choices with the light fixtures (which are cheap) and it will appeal to the masses.Good luck! 

Rehabs usually start immediately but I wasn't getting any updates...I emailed about updates on September 29  (idk why I waited so long.

I also go with the Home Depot rule, if I can find all my finishes at Home Depot it's time to update my finishing touches. 

Purchase price: $38,000 Cash invested: $48,000 Single family, Home in an older established neighborhood needing complete updating.

This should also be spelled out in your lease, which, after this situation, you will likely want to update with more specificity to address this type of scenario.

Good luck and keep us updated!

Also seen many of the duplex units with old tenants at for example $1800-2000 where you update it a little and bump it a whole 20-30%+.

Now, I'm proud to say that I own multiple apartment buildings, and I'm enjoying the financial freedom that comes with it.What I Bring to the Forum:Experience: Over 15 years in the real estate industry, with a focus on flipping houses and investing in apartment complexes.Knowledge: Expertise in value-add properties, seller financing, and leveraging equity for growth.Passion: A genuine desire to help others achieve financial security and freedom through real estate investing.What I’m Looking For:Connections: Building relationships with like-minded individuals who are passionate about real estate.Learning: Staying updated with the latest trends, strategies, and insights in real estate investing.Sharing: Offering advice, sharing my journey, and learning from the experiences of others.If you're ever interested in discussing strategies, sharing experiences, or need any advice, feel free to reach out.

These updates modernized the home, improved its curb appeal, and substantially increased its market value.