I have seen this in Milwaukee too many times, the only way to make it work is VERY hands-on.If you end up renting it in March for IDK net $200 the property will have lost a LOT more in the next 12 months just in condition vs what it looks like now (assuming that it is freshly painted?

Here is my timeline:Dec 2021: Bought a fresh canal lot Dec 2021: Signed contract with DeltaJan 2022: Permit appliedJuly 2022: Permit approvedAug 2022: Mono slab process started (lot scrapped)Jan 2023: Mono slab poured and inspection passed@Eric Winkler nice to be connected again.

Most of the time they are young 20s and fresh out of college and never owned a pierce of real estate.

He was fresh out of college and nervous about his first investment in Omaha, of all places (my home base).

If local deals aren’t working, try out-of-state markets or connect with local investors for fresh ideas.

All appliances need updating as well as a fresh coat of paint and new flooring.

By the way, from what I read in the Wall Street Journal, there’s a growing number of niche investors cropping up who love grabbing assignments that fly under the mainstream radar, especially if you’re bringing something fresh to the table like a distressed duplex they can reposition, or a small portfolio of row homes they can turn into long-term rentals.

With fresh paint throughout inside and out, brand-new roof, dual HVAC systems, updated water heater, stainless steel appliances, lighting fixtures, outlets, countertops, and PEX plumbing just to name a few.

Now for the house you are leaving behind…I like to have this one freshly painted, and take action on any maintenance items.  

If the first violation is in January and the second is in August, I would say enough time has passed that we could count the second violation as a fresh-start first violation.