It’s wise to have a financial buffer for periods without tenants.

Humans are social creatures at the end of the day and I personally like to know who I might be dealing with if they can either be a friendly neighbor, a nuisance, or beneficial in maybe keeping an eye out for you).Is it possible to update the gate so that it can open and close by itself and have 4 different codes to it for each neighbor to enter/exit?

A new pool and "instagramable" design updates should increase demand and pricing, but it’s all about how that’s being communicated to potential guests.

Ask about their process for keeping you updated.

Also, again making your property stand out to be more appealing to those who have to stay for an extended period, how will you make them most comfortable with the possibilities of a fixer-upper?

Your tenant rents from you based on a rental period (ie. a yearly lease).  

My hope is to get into something turnkey but not all updated, preferably also into some of the Multi-Family opportunities.

I know the interest rates were a bit higher than a conventional loan, but it allowed them to buy a "fixer upper"....they plan to update the property as soon as possible. 

I've been slowly updating -- new kitchen and bath in one unit, Fresh paint throughout, etc

Brief update: no property damages.