The West End really could be revitalized and get fresh investment if it were breathed upon.

Welcome to BiggerPockets.I'm a Realtor and Property Manager in NWI and IL if you need any insight from a Pro's perspective let me know!

A lot great advice, I love all the great input and different perspectives.

You have to look at things from the management perspective to understand this. 

It seems a little clunky from a guest perspective.  

Most of this is perspective.  

I'm myself a tenant right now and I see what are the pin points from the tenant perspective.

From my perspective, as a California litigation attorney for nearly 35 years, most folks completely focus on the wrong things, especially if they have never seen the inside of a courtroom.The op has posted from the perspective of a property owner seeking protection from tort type liability claims.

I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.

Personally, I would put most of it in passive real estate syndications - but I am a full time passive investor so that makes the most sense for me.The first decision you would need to make from my perspective is whether you want to invest passively or actively (your profile says rental property investor, so I would assume you are currently an active investor).