This is also an opportunity to get your new listing important reviews. 

But he had just told me he just got a new job...In my opinion Jobs during real estate can be dangerous lol, because you can easily get side tracked from real estate and let the w2 job take over.

:-) I have always just done American Craftsman (Home Depot) or ThermaStar (Lowe's) depending on which store is closing to my job, but truth be told I would think I could find something at a more contractor/landlord friendly price but haven't done well in locating someone yet.

The $34,000 renovation budget presented a clear opportunity to add value.

From opportunity identification through to disposition. 

We found the Wildwood Drive deal through our partner, Karen Schneyer, who identified the opportunity and brought it directly to us.

There are some scenarios which can change the equation and take priority over the opportunity cost equation demonstrated above.  

The $54,000 renovation budget presented a clear opportunity to add value.

@Kinnari Pandya depends on what types of properties and corresponding tenants you want to deal with.The Midwest offers lots of affordable opportunities that can cashflow well.

We found the Pennsylvania Ave deal through our partner, Matt Rzodkiewicz, who identified the opportunity and brought it directly to us from the seller.