In between my agent and I would walk houses where human feces was smeared all over walls, flea infestations were so bad you had to spray yourself down in the front yard when you came out, and rugs with years of dog and cat urine baked into it.

Update your ads often to keep them fresh and true.Good luck!

But there is still a lot more risk baked in - a lot more moving pieces, a third party is involved, a lot more chances for things to go wrong compared to #3. 

I work with many fresh grads and even an offer letter can get you a conventional mortgage.

You can choose to terminate their leases and start fresh, or verify their ability to pay the new rate.

Fresh paint and new entry doors finished the house off and had it ready to rent inside 30 days.

For us BP people, we can see the potential in a fresh coat of off-white paint where regular people just see a gross ugly house.  

Attend a couple of meetups and speak with a few investors face to face, I think that'll give you a jump start on a fresh perspective and may also help you nail down what direction to focus on. 

If you got the first house for a song and a dance it would probably be better financially just because you're getting a better price on the skeleton than you would in a fresh build.

I can tell you we have painted cabinets that looked dated many times and it gave them a fresh clean look.