Would love to connect with others who started without a large savings/expendable income but had the motivation and commitment! 

Hi Twannisha, In my "experiance" I have never kept inherited tenants , and always increase the rent once I replace the tenant, but I make sure I expend money fixing the apartment to make sure I can charge market value rent, or above market value rents. 

Because it seems like there could be two reasons [maybe more] That would make them expend the extra energy to damage your stuff.

Even if you inherit a billion dollars you still have to expend some effort to manage the money, pay the income taxes create estate planning strategies, etc.  

We do not like the low income to moderate income areas regardless of cap rate as they tend to have less expendable income in an economic downturn and are hit hardest the most.   

@Evan Ventura,People here on BP have also successfully used the cheap IKEA countertops (around $75-99 for a piece). at that price they where treated as expendables (one per tenant), and some even reported getting the install time with demo at 2-4 hours.for the other, you need to "waterproof" the common points of water entry:-caulk between the wall and countertop-use varnish on points contacting sink-use good glue near the oven/range since the usual pressure-activated glue does not fare well with heat

I'll include @Alex Corrion and perhaps we can expend the local network.Thanks!

Which leads to a second matter, while you may be able to improve revenues or lower operating costs sufficiently to meet your metric of $100/mth free cash flow per unit, you should not pay the Vendor for the effort you will expend to realize that potential.  

If we stopped making the payments, we would lose all funds that we expended in renovating and remodeling the property along with any equity that we added to the property.Second It is also in our best interest to fix up the property and either resell, or refinance as soon as possible.

Since 2009, when I first attended UB, the North Campus student housing has expended quite a bit and there are still plans on large scale multi-family developments underway.