I typically replace all light fixtures with modern looking lower-end LED units ($8-$10 each), pach and retexture all drywall flaws, replacing any tired flooring, paint everything, and fix (or remove) anything that's broken.

I feel compelled to point out that your argument is flawed.

Once there is more blood in the streets for a longer period of time, the real deals will uncover themselves.

Once there is more blood in the streets for a longer period of time, the real deals will uncover themselves.

The purpose is three-fold: To strengthen the lender/investor relationships for future opportunities, gain a better rate in a long-position mortgage, and capture a bit of cash to strengthen our liquidity position.We're in VA and my flaw in the strategy is I wasn't consistent and aggressive in farming banking relationships in S.C. early in the process.

IMHO that is less important than understanding how to uncover profitable deals, evaluate them, & how to actually execute & operate. 

So I just uncovered a much better route.

coastal CA cities were in the middle of that cash flow analysis return on investment even with a large flaw with respect to property tax (they used current Prop tax rate, not purchased prop tax rate but in Ca it is much closer to the purchased prop tax rate forever).  

In each instance, I have forwarded all the publicly published articles I uncovered on the Trustee.

IMHO, solutions like those also require a PHD, so most real estate folks simply don't have the time to uncover the horsepower they can deliver.