It's a good location but an overwhelming rehab just beyond my experience; sorta a full gut/ or the basic kitchen, bath, flooring and paint remodel.

As part of the renovations they'd painted over a bunch of satanic looking symbols that had been graffiti'd all over the house, a tasteful light mint as I recall.

We will be doing paint and floors as well as a few very minor repairs

I have gone ahead with painting Navajo White for all the walls, and Ultra White for the trim and plan to use this color scheme throughout all the units eventually.

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.

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

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.

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I really liked finding the probate houses there, which often have great structure and outdated paint/carpet.  

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