You'll also want to consider if each lender provides funding for renovations/improvements.

You need to do renovations, improve the property, and drive up rents.

In my first two years of management, she earned over $20,000 net profit, the property was in better condition,  she could quit her full-time job, and her health significantly improved because she was no longer stressed.

I bought a multifamily property that was undervalued, so working on renovations and improvements now.

Average maintenance and capital improvement: 350/month (4-5kyr).

Buying quality assets with a larger amount down, making improvements, and paying off debt could get you there relatively quickly. 

This is more about riding the wave of a growing market.2.Forced Appreciation: Actively increasing a property’s value through strategic actions like renovations, raising rents, or improving operations.

Here's a little tidbit I noticed a few years ago that I thought I would share.  I'm giving a reverse example, as in I will show how my credit score dropped 59 points in one month because I forgot to do my "trick".The ...

Focus on value-add properties where improvements like renovations or better management can increase returns.

Their book is super helpful, and so far I'm guilty of at least half of all the newbie mistakes they talk about, so I expect my rental operation to improve as I implement their advice over the course of next lease term.