See what they do right, and find areas you can improve upon then make the jump.

We do some cosmetic improvements to bring homes to our standard, typically carpet and paint, upgrade lighting etc.

Replacing countertops, though, is a capital improvement and usually has to be capitalized and depreciated over time.

I haven't spent a ton of money overall on improvements.

Larger properties spread your risk.Be Ready for Some Sweat Equity: Many first-time house hackers underestimate this part, but putting in a little elbow grease can drastically improve your returns.

You can reevaluate selling in a few years when interest rates improve and more buyers get into the market

Quote from @Lorraine Hadden: What are some strategies you have used to improve or rebuild credit? 

You would think with a fixed rate loan the COC would improve over time but the other expenses are so large that the COC stays about the same year 2 to year 5.

You need to improve the property to improve the tenant.

@Maria JeanetteHere are some of the downsides of putting real estate into a self directed IRA or 401k.No tax deductions: You can’t claim deductions for property taxes, mortgage interest, depreciation, repairs, improvements and other property-related expenses.Property expenses: All expenses, repairs, and maintenance costs must be paid with IRA or 401k funds.