You pay for the basement reno out of pocket and cash out immediately...instead of waiting for 6-12 months

Plus macroeconomics here in Columbus is booming right now because of developments from Intel, Meta, Amazon, Honda, and lots of major companies building out here.

While each person has their own perceptions of a rough part of town, in my experiences, I do avoid them.  

While leasing is the front door to maintaining a property’s occupancy, renewing tenants is the back door.

I never did do it, I ended up selling my house that I was thinking of using for that purpose.

@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

No amount of insurance covers the personal loss.2.

They are completely different forms of investing and should never be analyzed the same way.

I'll check them out. 

I own a house in North Port, Florida (right on the border of Port Charlotte).