That hard work includes making the investments that the current owner hasn't made (nicer kitchens, new flooring, fresh coat of paint, etc.), removing tenants and marketing to new tenants.

But, I prefer 3rd party over self management right now because I have higher priorities and just have to purchase properties with thicker margins to absorb the added vacancy and repair costs. 

That's not even talking about primer, possibly multiple coats, that will be needed to cover purple paint. 

Keep in mind that the 15 minute video was sent to investors who have already invested, so there is really no point in sugar coating anything.INVESTOR (HAMRICK’S) RESPONSE TO OUR RESPONSE.

A fresh coat of paint in a modern neutral color and updated lighting can really elevate those spaces.Adding a deck or patio can be a great way to increase usable living space and boost value.

I added a new software platform, got rid of all abandoned vehicles, raised rents, seal-coated and striped parking lot, took out loads and loads of trash, got the phone number working and started marketing to local community groups.

Blow in a resin-coated lining through the old pipe for $150 per linear foot.

All appliances need updating as well as a fresh coat of paint and new flooring.

If you have a glass top stove, you have to avoid any kind of enamel coated tea pot.

My hope is by end of next year he has a local small MF value add house hack (probably will cost ~$1m so it will be a challenge).Clearly I did not sugar coat the path (except I suspect demo child does not fully convey the true extreme of his behavior; the police knew our address without being told).