Keep some extra planks on hand, and you can always rip up bad ones and glue down some new ones.

This is an example of a non-appreciating "asset". https://www.zillow.com/homedetails/785-Dallas-St-Memphis-TN-...Sold in '01 for ~$10kSold in '02 for ~$55k (That's awesome appreciation or an unsuspecting buyer geting ripped)Sold in '04 for ~$61k (I would suspect foreclosure sale here as it quickly sold again for substantially less)Sold in '04 for ~$21k (This is probably it's actual value and someone in '02 got ripped off)Sold in '23 for ~$26k for an appreciation of ~24% over ~twenty years that's roughly 1.2%/yearThis is a random house on Zillow: https://www.zillow.com/homedetails/766-Neptune-St-Memphis-TN...Sold for ~$98k last May and sold again last week for ~$40k.

Purchase price: $104,000 Cash invested: $20,000 Deal Deep Dive: Strategy: Buy and Hold Mid-Term Rental Buy Box: - Within 15 minutes to a major hospital - Within 10 minutes to a Starbucks (LOL)- At least two bedrooms- Light Rehab Only (paint/floors/decor)How I Found the Deal: '- networking with fellow local agents (I am an agent, for context)How I Negotiated the Deal: - Gave the seller what they were asking for to get in contract- Negotiated seller credit based off inspections - Told the agent who brought me the deal that HE could represent ME in the deal, which made it a win-win-win.

Buy Box: - Within 15 minutes to a major hospital - Within 10 minutes to a Starbucks (LOL)- At least two bedrooms- Light Rehab Only (paint/floors/decor)- Furnished Finder Expected Rental Income needs to be 25% over PITI How did you find this deal and how did you negotiate it?

If it is a tub or shower surround, make sure they are also installing a proper waterproofing membrane, otherwise you will be ripping it back out in 5 years.

Clean up, paint, make it look nice, organize etc.put a salaried manager.Empty shelves.

The lead paint laws apply to the entire state of MD.

A couple concerns i have are, with buying a new home and renovating that, i wont have much money to make it rent ready like paint patching, cleaning, mortgage payments until renters move in, etc.

However, if the improvements are more like painting rooms, repairs and maintenance, then you expense those and get the tax benefits right away.

We're trying to decide if we should rent or sell.If we sell, we are looking to get most of our money back that we put in (down payment, small updates like paint and appliance purchases).