Adding it is costly, but doesn't have a good ROI which decreases the ability to force appreciation.So, too long; didn't read: Macon has a lot going for it as market (big hospitals, light competition, reasonable expected rent), but we opted to not invest there because while the cash flow was appealing, we really want to see great appreciation potential in what we buy.

You have to find a way to implement your game plan within the confines of either an LTR or STR DSCR underwrite assumption.

Taking care of someone's asset is a responsibility that you should not take lightly. 

While the maximum rate is a 2% charge, the JVCA board can only levy 1%, with the second 1% being implemented by a public vote."

Ive been considering motion detecting flood lights around the property.

Until someone from Norada can shed light on this it's not a place to put money. 

Most people would spend a minimum of $25 PSF for a light remodel- replace kit cabinets/counters, floor, paint.

.- Lighting fixtures- Smoke alarms / carbon monoxide detectors- Window and door repairs- Water heater maintenance

You can do as little as 0% down and maybe even get money back at closing if you can implement seller credits into your offer during the inspection period or prior to going in contract. 

Check out this article that sheds light on how they come into play with this strategy.