A room would probably make it more undesirable for the tenant.

I have my eye on a cash flowing rental property. The problem is that this beautiful property is in a neighborhood with no HOA, which allows the immediate neighbor to have boarded up windows, trash all over their front...

PS - Don't just paint over the wallpaper....have it skim coated with drywall mud first.

Hello there , I'm 17 and live in Ireland, so obviously I'm kind of stuck in the mud for Property investing.

Yet we have a few parts in the inner city that are so undesireable, that a property will sell for less than the lumber in the front porch is worth.PS: it actually has crossed my mind to buy these properties and sell them for parts LOL 

Hi Linda,There are no "Pit Cats" only "Pet Cats.I think cats make way better tenants than dogs.No barking all day while the master is at work, no filling the backyard with waste, less likely to consume neighborhood children which leads to a lawsuit--unless it's a Tiger.You might want to talk to your insurance person about large breed restriction on dogs, and add a lease clause no puppies nor "any dog that management finds undesirable". 

I have my eye on a 70s trailer home, 2bd 1 bath, with a little porch and two small additions, a mud room and a dining nook.

Who told you that the proper way to spackle a tiny nail hole is to put a big 2x2" lump of drywall mud on it?

I have a new tenant that runs the AC like there is no tomorrow 24x7 without any breaks understandably so as he works from home.The AC has aged so much so that it seems like it may not be able to handle such high usage as I have been observing some undesirable side effects on my electrical system which was not observed with my previous tenant who was a light user.

The scope of the rehab: All New Interior Paint Some Exterior PaintNew Floors in the Master Bedroom New Stainless Steel Appliances Painted Kitchen Cabinets and Added New Hardware Tore Some Kitchen Cabinets Out and Added Floating Shelves New Light Fixtures All New Sod in the Backyard New Privacy Fence Interior Drain Tile and 3 Support Beams Added to a Basement Wall Epoxy Painted the Basement Concrete FloorNEW HVAC System Framed the Whole Basement Out and Hung Drywall - Mud, Taped, Sanded, And Painted All in all the live in rehab took 6.5 months The numbers:Bought: $125kRehab: $11k (1/3 of that was the new HVAC system) Appraisal: $168k I was happy with the refinance appraisal number I gotI am able to refinance out of the PMI, lower my interest rate, and lower my monthly payment I forced about 30k in equity I did not do a "cash out refinance" as I wanted to live my equity in the home and pull out a HELOC in a few months to allow for a purchase of another property or a "rehab fund."