Renovating everything, floors, bathrooms bringing it up to the new living standard.

Check Greatschools.org or Zillow.com for school ratings.Investment Strategy:A-Class Properties: Lower risk, lower return, suitable for long-term investors looking for stable, high-quality tenants.C-Class Properties: Higher risk, higher return, appealing to investors with limited capital who can manage more properties for less initial cost.In summary, choose your investment neighborhood based on your risk tolerance and desired return.

If you do not, you may get bids from contractors that can not be compared to each other because the contractors have a different view of the quality of work or materials you envision.

Arizona and going for quality properties vs. quantity and long term goals and passing on generational wealth. 

Standard term lease for minimum required by HOA (usually 6 or 12 months) with a separate agreement that lease can be determined by tenant after certain amount of time. 

I'm particularly interested in understanding:- Key renovation aspects that meet Section 8 standards- Common pitfalls to avoid in the process- Any specific features or improvements that are highly recommended to facilitate a smooth inspection and tenant satisfactionAny advice or a checklist you wish you had when you started would be super helpful.Thanks a lot! 

The median price is still just $90k and I wouldn't be surprised to see it double again pretty quickly.The other nice thing about Michigan is property taxes are capped at the rate of inflation with a max annual increase of 5% per year.The biggest drawback of Detroit is tenant quality IMO.

Typically 75% of max occupancy is our standard occupancy and then $10-30 per person per day extra (depending on unit price point) up to max occupancy. 

Hey @Keith Mintz, this was the standard AirBNB model when they started.It isn't something I am interested in, but if you do a search, you can find more info.

Danielle, in order to get reasonable insurance pricing, all of the standard market companies will require the fuses to be updated.