Don't spend a lot on improvements as they tend to get damaged with every tenant.  

Here are a few lessons I learned during the renovation, many of which stemmed from the age of the house and unexpected hidden damages:1.Damaged Plumbing: Several plumbing pipes were ruptured or severely damaged, requiring replacement.2.Termite Infestation: I discovered termites, which led to additional costs for treatment and repairs.3.Rotted Wood: Significant sections of wood in the structure were rotted and had to be replaced.4.Lack of Insulation: There was no insulation in the att Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If you have casued damages since move in please let me know which those are and I will get you a quote.

Quote from @Michael Smythe: @Zachary YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

If all this billions upon billions upon billions of damage WAS because of carbon caused climate change.....

If the project is large enough, liquidated damages (LDs) should be considered as well.

Take the toilet out without damaging it, put a sanitary cover over waste hole, put toilet on shower floor.

Whats more, there was damaged equipment that costs about 3k.

When looking into it, the basement had water damage that didn't worry us since we knew how to remodel that area ourselves.

They do damage to your ranking!