New mechanicals (HVAC, electric, plumbing), kitchen, bathroom, adding a 1/2 bath in basement or 1st floor, new drywall, floors, paint, etc.

I'm in a final round with a company but steady income has not been secured yet so if I could at least cash flow that would really help me stay afloat for the time being.Obviously I could market the unit as-is and potentially rent to someone but won't likely be able to rent to a section 8 tenant which I was hoping for down the line.I was considering starting off with 3-month leases with auto renew and I have been VERY clear with him that if he is unwilling to pay on time that I still am treating this as a business and am not afraid to evict him.

An Umbrella policy provides additional coverage if the limit on your Homeowners or Auto policy is exhausted due to a covered claim. 

You want to make sure the mechanicals are all new and that the taxes have been reassessed and are valid.

i’ll buy & hold properties a mechanic shopkeep upgrading the businesses sit on reserves 

I updated the bathrooms, floors, kitchen, Mechanicals, sewer lateral, Paint, doors.

Not only will appliances and mechanicals need updating, but linens, furniture and decorations also need updates over time.

It is required to have a building permit/inspection and hire licensed professionals for Electrical, Mechanical, Plumbing, and structural engineering for load bearing, gas line work, and septic systems. 

New mechanicals.

You can focus on the mechanics of capital raising, the legal set up, good customer service, that's what I did when I got started nearly 22 years ago.