Rather than focusing on physical renovations, we maximized value by structuring the deal for a rapid turnaround.

I’d rather focus on my Dallas properties for PadSplit without having to worry about running afoul of the city.Thanks,James

Purchase price: $250,000 Cash invested: $14,000 I purchased and managed a rental property in Chicago, focusing on strategic improvements and tenant satisfaction to increase both its value and profitability.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I focus on mid-grade quality items that are durable and pleasant to use yet not so nice that people are tempted to swipe them and are then expensive to replace.

@Kwanza PriceReach out to local networking groups to find a investor focused CPA and attorney. 

You are at an age that you should focus on cash flow rather than appreciation.

I would focus on the house hack and not take a pay cut.

If you're already showing losses, focus your energy elsewhere!

Focus on investing and managing well, not protecting yourself from the boogie man.