One of the suggestions was a hotel style unit that is installed in the wall, typically below a window.

A Property manager no matter how good he/she is , its an employee, not an owner.My target tenant is someone that is young, likes cool apartments, has sense of style, willing to pay above average rents, someone that likes to live in big cities and trendy areas.Hamilton is close by and its a big city with up and coming areas.

Robert,If the objective of your purchase is cash-flow, then appreciation matters little - don't get me wrong, it's still nice, but the success of the investment does not rely upon it.Matching your product - in your case, single-story (ranch style) duplexes - to your clientele ({nearly} retired, aging tenants who do not wish to contend with stairs as they grow old or those with mobility issues), whether done explicitly or intuitively, is the key to low turnover.We are considering a multi-family unit which is comprised of 25-row houses in a single story garden home format as it has an appeal to our aging population.

I wouldn't suggest staging the bedrooms as it can make them appear smaller, as previously stated.I just flipped a home built in 1954 and staged it with mid-century modern styling and everyone who saw the "jewelry" loved what I did with the place.

/ft. are updated and decorated in a style attractive to their market segment.

Location, sizes, styles, acreage, condition, views, external factors (busy roads, the dump, lake view, golf course, etc).

My general counsel to those that ask is "buy in an area where you can make money", don't spend so much time worrying about wether it's the neighborhood that you love, or the style of home your intrigued by.

http://www.nolo.com/legal-encyclopedia/landlord-tax-deductions-environmental-cleanup-costs.html @Steven Hamilton II @Steve Babiak based on the article in the above link you guys seem to be right on about it being an improvement.

I just switched to A2 invitation style envelopes 4.375" x 5.75" from Office Depot.

I also found out the neighborhood was built in the late 40's early 50's, so maybe it is a style or technique from that time?