Yes buying distressed property is a good way to get extra profit.  

There are a lot of other strategies one can try, but what you do is the lowest risk, the most predictable outcome and takes the least amount of time and energy.I always suggest to use an extra time an investor has to think about building or buying a business that generates cash to accelerate the growth curve. 

Adding mass to the walls works wonders—attach Mass Loaded Vinyl (MLV) to the shared wall, then cover it with a layer of 5/8” drywall using Green Glue soundproofing compound for extra noise-blocking power.

More traps, patch up holes, tell your tenants to be extra clean when dealing with food. 

I Enjoyed the extra viewpoint.

Always budget extra for surprises.Skipping Permits – Even small renovations may require permits.

I hate to pay extra money for a PI on work we have already done. 

With affordable property prices and a growing rental market, it can be a great option for long-term cash flow.If maximizing short-term rental income is your priority, a home closer to Nashville could be worth the extra cost.

Lock away extra supplies; trust is great, but accidents (or curious kids) happen.

Since they are responsible for maintaining the relationship with you after the transaction closes, this approach adds an extra layer of confidence and security to your investment.