Replace most lightning, 1st Floor- Walls/ceilings (repair and paint, popcorn ceiling removal), hardwood floors (repair some areas /refinish), tile floors (reglaze &/or replace to be more modern/consistent, Kitchen (glaze tile/back-splash, paint cabinets, recover counter top, replace sink, repair wood below sink, replace appliances, replace stove hood-vent)...

--------------I graduated college in 2011...while the economy was still in the dumps and just starting to recover.

I do understand that the returns on performing notes has diminished over the years as the market has grown and recovered from 2008 and a few other influential factors; I'm certain that I would be able to get greater returns from investing in non performers but I am not comfortable doing that just yet as my experience is, well, non existent at this point.  

Many thought prices would never come back at all I know the media was saying it would take many more years for real estate to recover versus when it actually did.

Your cash flow is less and when it's time for turnover you find out that you need more money to recover the home, which leads to less improvements, again lower rents and tenants.

Hello all,If you look at the cost of acquisition or even the cost for land redevelopment in Canada the margins are very low and in most cases it is virtually impossible to recover your initial capital.

Based on that, it would take you up to 5 years to recover your initial $150k investment (repairs included) before you really become whole in the deal. 

Short sale have been around for over a decade but they became highly fashionable in 2009 because we were in a recovering economy.

There's no denying that your product is more robust, but it's also difficult to foresee having more than six months of vacancy to recover lost rent.  

At least, like you said, until you recover a good portion back from it.