This gave us a clear idea of all the details we needed to know in terms of paint color, floor, and other key fixes such as windows, doors, and cabinets.

My idea is to offer my skills, such as social media management, painting, or assisting with various menial tasks, in exchange for the opportunity to learn the trade.

I don't aggressively increase rents if a tenant's current rent is within the turn cost / 12.For example, if you need to replace flooring, paint, and fix up a few things... your turn cost might be $5-7k

If you manage homes built before 1978, there's a key regulation to be aware of: the Environmental Protection Agency (EPA) requires property managers and Landlords Nationwide to be certified in lead-based paint handling.

I really liked finding the probate houses there, which often have great structure and outdated paint/carpet.  

if we could all go out and buy any old property and paint it and make a quick 50K, we would. 

My vote is to repair, repair, repair.Water damage can lead to significant problems, from blistering / peeling paint to ceilings collapsing and electrical shorts.

I always go in with a simple offer of this is the rent, and we are also comfortable giving you a (insert something you need to do anyways like a basic, white paint job or a new appliance).This is one of the most uncomfortable parts of the business though, and the quicker you get over being able to have these conversations, the quicker you will be successful in this business.

How do you know 60k reno is really the price it should be, 60K is a MASSIVE job, Roof, 5- 8k, assuming, 25- 30 sq, Furnace $1700k, HW 1300, Spackle Paint, 3kish. 

And it includes - NOI, Appreciation, Amortization of the loan, and depreciation writeoff.The total of these will paint the picture of how your properties are actually performing.What is interesting is that each of these components will react differently depending on where and how you place your next investment.