Cost effectiveness:Find inventory at wholesale prices.NegotiateUtilise Private money /wholesale/ lease option Sweat Equity on rehab for enhanced profitabilityExit strategy-retail,hold as rental, after refinancing with long term cheaper financing

We did have a unit turnover that we raised rent on the unit $900/month (tenants were below market and we did a fairly extensive tenant turnover including removing texture ceiling, new base boards, painting all interior, getting a new range, adding a programmable thermometer, and redoing the balcony railing (new powder coat)).  

Do things that naturally enhance your energy. 

Many offer the option for higher coverage and other enhancements. 

Replaced a lot of paneling with drywall because at some point, it becomes too much texture.

Replaced a lot of paneling with drywall because at some point, it becomes too much texture, but we painted the rest white.

Being able to take on most of the renovations myself significantly reduced the overall cost, while having the vacant unit allowed me to enhance the unit without disrupting any tenants.

Started doing orange peel texture on walls and knockdown on ceiling and really turns any dated property into a modern.

In addition, we enhanced the kitchen and also upgraded the severely outdated appliances.

Still in the planning stage, but I will be using my training/experience as a forester, love of the outdoors, and recent intern session at Earthship Biotecture, to find rural property to develop into small home development, including some off-the-grid homes; maybe some Airbnb options, trails, enhanced natural features.