Target renovations that appeal to the local workforce and lifestyle.

Also consider your strategy and lifestyle.

It covers their possessions and the lifestyle they desire.

There are a lot of factors out there but savings is a lifestyle and some people are just incapable making sound financial decisions. 

Former Lifestyles trainer Steve Davis has started this and has some Dallas trainings and meetings periodically.

Ron Hubbard built his scientology business: Mid-level sales professional selling the dream lifestyle and over-promising returns to attract people to him so he can capitalize on their innate desire to become successful and rich like him...

They sell the dream and leave out the fact that they never realized a comfortable lifestyle by doing what they are suggesting others do.

I live outside the USA so that my money stretches further, I have better food, better lifestyle and I am out of the rat race in the USA.

My guess is, they con investors into $50,000 or more and spend it on their sub-par lavish lifestyles, making promises they can’t keep doing services they aren’t capable or legally able to perform.

That doesn't mean it isn't a good strategy - if the property still produces healthy cash flow after expenses (which includes future capital needs if you've deferred such), at a minimum you could be rolling the cash flow either back into the home to own it outright or using those funds to prepare for your next purchase.