Interior renovations.Install washers and dryers.Exterior improvements including dog parks, covered picnic and grill areas, fenced yards, updated leasing centers.

Please note the information below is a layman's definition designed to provide a basic understanding for the general audience.

Rehab portion of the loan was to repair some interior work worth up to $65k. unfortunately 1 month after closing, I had one of the tenants that was getting evicted complain to the city and I ended up getting a bunch of building violations. 

Networking with contractors and architects for design and execution.

I've always loved and learned about houses, from mechanicals to design, and I'm ready to work. 

You need to have criteria designed to protect your money, and a reliable method of determining value.In my opinion, appraisals are not necessarily a reliable method of determining value, so staying within your own market area to start with can also protect your capital because it's easier to know value next door than across the country.

Make sure you find a really talented and qualified designer with original ideas.

Design the layout of the project and budget.

Nothing fancy at all. shingles for roof, not many windows, unpainted interiors, etc.

This involves upgrades to common areas, amenities, and unit interiors, which can be expensive.