Focus on location: Look for properties near colleges or hospitals—they tend to bring consistent, reliable renters. 2.

With your background in cyber security and experience in the stock market, you’re already bringing a strong foundation of analytical skills that will serve you well in this space.It sounds like you’ve done your research and are ready to take the next step—do you have a specific market or strategy in mind for your first real estate investment?

Sometimes you can bring to life an old cabinet simply by painting it, putting new hardware on, and maybe updating a light fixture in the room that shines brighter, and not yellow. 

Folks are going to bring their kitties and dogs regardless of what your policy is. 

If your park was the cheapest around (under market) then any new owner is going to bring up rents.

Quote from @Heather Luu: This brings me to another question.

There are additional things to avoid.My purpose for bringing this to the attention of investors is because there are misguided gurus out there teaching these very techniques.

If you were able to increase the value of the property significantly after the rehab, then you could bring the deal to a community bank  to refinance and take the hard money lender out.You keep all the equity and don’t have to file a partnership return for your annual tax return, which can be costly.  

But for most properties, it’s a smooth way to add value and potentially start bringing in some rental income.To give you an idea of what’s possible, I ran an analysis on a project in Sycamore Square, Los Angeles.

And in contrast, COMPLETING, keyword completing, a NEW Tenant Placement brings about 1 full month's rent, for the tenant placement fee.