Improvements are a cost basis not a value add.  

Hostile HOAAnd of course financing.. what if you need off site improvements how are you going to pay those is the local jurisdiction going to help or you have to pay it.. or can you do an improvement district with some sort of bond act.

Everyone I listen too on youtube is predicting a new wave of foreclosures and rampig up stress into 2021.I suggest everyone on this thread do deep study into direct marketing via the BP's marketing group threads on all forms of DM. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

After a month or so of getting the house ready, I've fallen in love with improving the home and managing everything the property needs.This leads to the main purpose of this post.

Capital Expenditures (10-15% of Income)Rule of Thumb: Reserve 10-15% of your income for capital expenditures (CapEx) like roof replacement, HVAC systems, or major renovations.Why: Regularly contributing to a CapEx fund ensures you have the cash on hand for significant improvements or replacements, preserving the value of your properties.5.

It varies by situation, but a couple decent benchmarks are if it improves your rate by 1% or more, or you recover the refi costs in two years or less.

Target areas with companies aggressively hiring college graduates, your rental pool will improve.

As for the HELOC, the more I research the more it matches your comment regarding using it for home improvements / flips so I may sit on that for a little bit until I educate myself further on those topics.As for raising capital, I have read the private lenders are a popular way and hard money loans which I do not fully understand yet.

They believe formal education is a waste of time but watching YouTube infomercials put together by a real estate marketing company out of Salt Lake City will make them rich8.