This is a great time to update your lease to (a) a month-to-month contract, so that you can ask anyone to leave if they are messing up the feng shui, and (b) add a non-smoking clause.I have written extensively on the merits of MTM leases here on BP, so you can read about my rationale if you'd like.Here's my non-smoking clause:SMOKING: Smoking is prohibited inside your unit or in any interior common areas.

Property DetailsAddress: 1360 Meadowood Dr, Hixson, TN 37343Type: Single-Family HomeYear Built: 1971Size: 1,008 sqft + full unfinished basementLot Size: 0.27 acresCurrent Condition: Not updated since 1994Roof: New, installed 4 months agoParking: Attached Garage3.

Plan for the Long TermTax Planning: Understand tax implications and consider strategies such as 1031 exchanges for deferring capital gains taxes.Estate Planning: Develop a plan for passing on your real estate investments to heirs.Additional Tips:Stay Disciplined: Stick to your investment plan and avoid making emotional decisions.Continuous Learning: Real estate markets evolve, so stay updated with industry trends and regulations.Risk Management: Be aware of risks such as vacancies, unexpected expenses, and interest rate fluctuations.By following these steps and remaining committed to your goals, you can progressively build wealth and achieve financial freedom through real estate investing.

These updates modernized the property, improved its curb appeal, and significantly increased its market value.

What are you using to get updated scans of these homes.

Feel free to reach out with specific questions or share updates on your progress.

Update all lighting to LED. 

If you buy an old property that hasn't been updated, expect more capital expenditures.2.

In its current condition, I believe it would appraise for 160-170 and after updating the house cosmetically, probably  180 or more if I had to guess. 

In its current condition, I believe it would appraise for 160-170 and after updating the house cosmetically, probably 180 or more if I had to guess.