It isn’t enough for landlords to improve the properties bring them back to life and lifting up the area .

Always something to consider for future improved cashflow. 

This property will eventually appreciate as the rest of the neighborhood continues to improve. 

I basically require validation of strategy and suggestion of improvements or  viable alternative approaches. 

I think that total fees should not exceed 10%, repair and improvements excluded.

With only 2% estimated at expenses, I'd be curious what comprised your $66.5k improvement budget. 

In reading through the policy documents provided by Stewart Title, it appears that the ALTA Homeowners policy we purchased:"This policy covers only Land that is an improved residential lot on which there is located a one-to-four family residence and only when each insured named in Schedule A is a Natural Person"So....looks like I bought the wrong type of policy?

We engaged professional management and are currently making capital improvements to renovate and upgrade units and resolve deferred maintenance.

It doesn't get us all the way there, but it's improved our NOI quite a bit so far and as many of the current tenants leave we can change this even more if we need to. 

I believe it's an advantage to do a live in flip as you can go at your own speed and make improvements on your own schedule and even do some of the work yourself and gain some experience.