Unfortunately many of the improvement costs do not deviate greatly when you’re renovating a lower cost property  in a particular market compared to a more expensive property  in the very same market which makes it difficult to absorb the improvement costs in some areas.

Moving to a portfolio model—where a pod (1 PM + 2 VAs) manages all aspects of 200+ units—streamlined operations and improved accountability.

The short answer is I look for 9% min and try to press it to 11% with those strategies along with rental increases once improvements are made and the tenants know you actually care about the property.

I did see it and scheduled the sprinkler installation but heard they are now requiring additional improvements that weren't originally discussed like multiple egresses, changes to pool room doors etc.   

So basically, had the 1hr strategy with them I have 3 units and they explained that they provide education and coaching to teach people how to increase their revenue ever month, in addition to improving their processes effectively automating their short-term rental business.

We bought it for $425k 5 years ago, did a number of improvements and more than doubled the NOI in about 3 years.

Most fields to become world class at something take 5 to 10 years of consistent work and improvement on a daily basis.Today about 21 years in with commercial real estate I have tons of business and also properties I can purchase.

So adding one more unit to a duplex may deplete equity gain even if it improves cash flow over here. 

We've lived in over 10 homes while raising our 3 children that we improved and sold.

If interest rates settle down and rents improve I may try the Long term route.