There is limited appreciation upside and you should keep that in mind when contemplating what improvements to make to the property.  

Utilities not onInoperable heat supplyMissing or insufficient weather-strippingLoose or torn carpetMissing or cracked electrical outlet cover platesCracked or peeling paint on wallsCracked or broken window panesMissing refrigerator kick platesEvidence of roof leaks/pipe leaksDirty stoves, ovens or walls and unkempt perimeter surrounding houseInsufficient bath ventilation and inoperable smoke detectorsLeaking faucets or plumbingNo temperature/pressure relief on water heatersYou screen your own tenants, then you submit the paperwork to have a tenant approved by the Housing Authority.  

The City is putting a lot of money into improving the downtown core area with light rail and encouraging retail investment.

Over the past two years the city has been executing this revitalization plan and the neighborhood is improving. 

No matter how good your coach is, you need to develop yourself too by asking good questions on RE.Joining one or two good RE Investors Association in the city you live in will also improve, and speed up your learning rate.

Tell the old PM why you are taking it away - it may improve their performance.  

When I sell next year, I may have a $75K net profit after closing costs, improvements, realtor fees, etc.

Also, from a SEO perspective, as you optimize your site for just that specific function and add gobs of content you will see an improvement in search rankings.Here's another way to look at it - let's say you need a plumber and you have the option of calling a plumber or a GC.  

It is improved land; there is no house.

Any improvement suggestions appreciated.