By targeting key areas that would increase buyer interest without a full renovation, we significantly boosted the property’s value.

Focus on areas with low vacancy rates, strong rental appreciation and economic growth (check to see if businesses are coming or leaving and what unemployment looks like). during this phase you should decide what tenant profile you are going to target section 8 (or similar)?

Once you identify this, it will be easier to decide what investment you should buy. 

@Kang-Li ChengI cannot comment on this specific company but we buy loans from similar companies (both performing and non performing) and I Can say the consistent component to these companies is they are horrible at underwriting and write loans to collect the points / fees but many of the loans we see we cannot believe they gave that person a loan.I am curious what types of returns they targeted as the invest in one asset model to me is very risky.

I've been targeting probate leads.

Your target occupancy of 100% and expense ratio of 33% is a bit optimistic.

Bigger markets do offer more data and comparables, which can make your initial analysis easier.

I love smart locksNot only does it make it easier for the tenant, but it makes it so much easier for you as a landlordThe worst feeling is showing up to the property to check something to find out you forgot your key lolBeen there, done thatFor smart locks I control the codes.

It doesn't matter - You as the big bad rich landlord have a target on your back and will be named to the lawsuit and your insurance carrier will rush to settle it quickly and then you'll be dealing with the long term challenges of having that claim in your insurance history. 

The plan was to complete flooring, electrical upgrades, new kitchen and bathroom, exterior fascia work, and some new windows, with a target listing date of June 15th.Update (5/12/24):The property has been stabilized since June 1st of the previous year with great tenants in place.