Best option: don't invest in areas with high crime.Security cameras, motion-detecting lights, and plenty of signs that it's protected by a security system.

Be sure to research rental demand, zoning laws, and financing options before deciding.

Is spending thousands on a sprinkler system worth it or do I have other options? 

If this effort gains traction, it could fundamentally reshape the U.S. mortgage market, impacting financing options for real estate investors nationwide.The Role of Fannie Mae and Freddie Mac in Housing FinanceFannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are government-sponsored enterprises (GSEs) that purchase mortgages from banks and lenders, package them into mortgage-backed securities (MBS), and sell them to investors.

What about LaZBoy is that a decent middle of the road option? 

Giving potential partners an option.

On the other hand, if you are looking to do a more heavy value-add with renovation you may look for bridge or private money options.

That $3,000 is typically the annual cost for a full service property management option. 

The oener finaning option.

so, to recap, you need cash for: down payment + closing costs + holding costs.for a new investor, a live in flip might be a lower risk option than an outright flip.