I've already renovated one of the bathrooms, and I’m planning to paint the interior, update the kitchen cabinets, possibly sand the wood floors, build a fence is a corner lot and increase the rent for the room since my tenant is currently renting the entire 3-bedroom, 2-bathroom house for $800 a month.

We both know the numbers you used (mostly that 1000% return number) aren't practical, but humoring them paints an interesting picture about the financial advantage of leverage.

It's people like you who cause folks who would actually benefit from an ESA to be painted with the same broad scammer brush. 

You just have to deal with lead base paint inspections and random rental inspections now though.

Of course it needed some extra turnover work--landscaping, above ground pool removal, cleaning, trash removal, paint and other small amounts of wear and tear. 

Little paint and the contractor I found let me buy the material and only charged me labor.

I never paint, swap rugs (except flooding), or do other improvements on rent controlled units This can lead to blight.Who benefits from rent control?

I installed cabinets, painted it, and made it back into a residential rental unit.

Paint & finished basement What was the outcome?

New roof, exterior painting, new flooring, bathroom updates, finished new living space What was the outcome?