She may be newer to posing on BP, but that doesn't give anyone reason to doubt her posts.Take all of this from a very seasoned and experienced investor and entrepreneur who routinely invests in coaching and/or products that may improve some piece of my businesses, team or myself.  

You don't state where it is located so I can't really know when the season starts.I agree with @Jesse Turner that you take time to improve the place if you can.

If you have an old leaky roof, patching it (maintenance, include in NOI) does not improve the value at all. 

You will need to use 3rd party management and others to perform work at the home.... further expenses and improvements.

b) Tenant improvements are common in commercial leasing.  

Make sure you know the redemption rules in Alabama, and don't over-improve.

Under the Tax Cuts and Jobs Act of 2017, interest on such loans is typically deductible if used for buying, building, or substantially improving the taxpayer's home that secures the loan.

Also one other question, if we do a bunch of improvements to the property…(because we are buying with some deferred maintenance so there is room for a 3x value increase) could we theoretically buy it from ourselves (such as our business buys it from us personally) could we get the step up in new depreciation value?

Because I saw demand increasing, I decided to seize the opportunity by improving my properties (I went on a tear of cosmetic rehabs, and now my properties are the best in their class, which is allowing me to maximize my rents further and capitalize on the demand)...but, meanwhile, all we hear from the large multifam operators is that their rents are decreasing (I've also seen repots that large multifam supply is becoming over-saturated in some markets)...So, rents increasing in single fam/small multifam, and rents decreasing in large multifam--is that the dynamic folks are seeing in their markets? 

Continuously learning and improving your knowledge will help you make informed investment decisions and maximize returns over time.Always remember to do your homework, evaluate investment ideas thoroughly, and consult with financial advisors or seasoned investors for advice.