Moving to a portfolio model—where a pod (1 PM + 2 VAs) manages all aspects of 200+ units—streamlined operations and improved accountability.

Unfortunately many of the improvement costs do not deviate greatly when you’re renovating a lower cost property  in a particular market compared to a more expensive property  in the very same market which makes it difficult to absorb the improvement costs in some areas.

The short answer is I look for 9% min and try to press it to 11% with those strategies along with rental increases once improvements are made and the tenants know you actually care about the property.

We've lived in over 10 homes while raising our 3 children that we improved and sold.

I am still very active in my local market as a host of the WWL Home Improvement each weekend.

I am optimistic that things might improve with this change, but I would not pay again just to find out.

Clarity shows commitment and improves your chances of obtaining funding, whichever property you choose.

If interest rates settle down and rents improve I may try the Long term route.   

You're also going to need survey and engineering work to get the permits done for putting in the utilities to the buildings, flatwork and other improvement requirements around the buildings.

Does it improve the roof itself, or does it bring increased maintenance.