Lead-based paint and asbestos are other potential issues with older properties, so get an inspection to assess any environmental risks.

Paint cabinets instead of replacing (dependent on the area, see this work in many markets, instead of paying 2x-2.5x the cost)3.

I don't suspect this particular home will have many / if any hazards, but it does still have the original (painted) wood siding, which was the impetus for me looking at this , or any similar, program. 

as mentioned above i would find a househack property in need to cosmetic upgrades that has below market rents. make the necessary upgrades (ie. appliances, flooring, paint, laundry, fixtures) allowing yourself to bring the property up to market rent standards and increasing the rent.I'm not too familiar with the market/properties in MI but in central MA we have a lot of triple deckers that are 100+ years old.

I have two other rentals in the area and I use Alabaster by Sherwin-Williams for all my rentals to make paint touch ups easy, so I plan to paint this one the same. 

New hvac, floors, paint, new counter tops.

Exterior work is difficult from Mid November through late March, but most of it can be done besides painting.

So far, I've replaced the roof and siding, and painted the interior.

The paint in the kitchen had grease stains and many water marks and looked horrible.

The EPA has published new lead paint standards. https://www.healthday.com/health-news/environmental-health/e...All five of my rentals were built well before the end of the lead paint era.