Key updates included kitchen and bathroom remodels, new flooring, and enhancing curb appeal.

The rental had ratty furniture, a record player prominently featured in the marketing but it had no speakers, missing basics items in the kitchen, lots of drunks in the concrete hallways that reverberated right into the bedroom at 2am, a strong odor of urine outside, and more.We have super hosts in this forum that have hundreds of 5-star reviews and are masters of the craft, but I look at their rentals and see they don't have any artwork on the walls, decor is basic, they do nothing to make the guest feel welcome, etc. 

The kitchen became an issue towards the end.

Bought 2 SFRs on the same lot that are zoned commercial (found on Crexi) for less than the price of a normal SFR because of the value add required (like kitchens and full baths, lol), but should BRRRR nicely based on the LTR and STR projections. 

People on that app with Quest shall be on exactly the same app (which does an awful lot for the money…some of you are so penny wise, pound foolish when it comes to your time & money, valuing the latter over the former by much too much) with different window dressing.

Are you renovating your kitchen?

This move-in ready house features a stove/oven, refrigerator, and dishwasher in the kitchen.

If you can shorten the window on the cash out refinance to the next purchase/refinance the rate is not really a factor.

Because I retired a few years earlier, I don't have a huge runway to recoup after big mistakes but I need reliable investment vehicles, that can still deliver a decent return within a 3-5 yr. window with surety and consistency. 

I am guessing that the vast majority of homes 10+ years old had some sort of water damage at some point, most had probably several.My own home is only a few years old and we had the washer spring a leak and a few years later the RO system in the kitchen started leaking into the cabinet.Seller disclosures are pretty useless in my opinion.