I grew up working in the apartments and helping him with repairs, and upgrades so I have some familiarity with the buildings and general maintenance requirements. 

You don't want to blow all of your money on the offer and then have nothing left over for repairs/upgrades. 

From what Ive read the smartest thing to do would be purchase a "live in flip" where I would purchase a home for cheap, do upgrade and fix it up, then sell it for a profit.

So i was told if i'm adding more fixtures I may need to upgrade the line from B Box that is 15' from property located in front curbside.Ceiling height 8'3" (coming soon) Currently 7'3".Exit in rear, (soon to be one in front)1000 sqft of available spaceAlready had plumbing of 4" cast iron stub out for a toilet which is original to house. 6" clay pipe is in great condition underground.Home already had all brand new 1" copper lines that reduce to 3/4" to each unit and then 1/2" stub outs to each fixture. 

While it was a huge undertaking to get everyone onboard at first, and setting up the system to track and manage the online reviews, it has had a direct impact on our performance.At one property we managed to save over $50,000 of proposed upgrades because our residents told us that they didn't want the exterior upgrades that we were proposing.

But rental ready would be just paint and a broken window.

Biggest thing about becoming a better landlord in an HOS is knowing the rules yourself,including them in your screening process, and explaining the common broken rules to the tenant during move in process.

Hi, my name's David from Holt (Lansing area) in Michigan.I'm a semi-newbie....My wife and I purchased our first home in 2004 with a nothing-down, interest-only, ARM, thinking we'd simply upgrade in three to five years, as I was raised to believe real estate always appreciates.

If someone is reading all of my posts, I probably sound like a broken record, but I really enjoy the podcasts.  

Podcast, reading and contributing to forums, questions, more books, upgrade to PRO, online seminars with @Brandon Turner, build connections, relationships, teams, setting buying parameters, creating goals, long term and short term, and a strategy to reach those goals.