Those who are CPA's choose to specialize in many different fields(audit, tax, advisory etc).

If you're investing out of state, you have a lot of options to choose from since you're not limited by geography.

That gives the tenant plenty of time to choose to accept the increase or find a new place.Also check the existing lease, if there is one. 

Learn how to choose a tenant.

I once lived in an apartment complex which was really just two buildings across the street from each other with the same paint job and owner with a small shared community outdoor area. 

For example (try  not to repeat the items listed below):- Laundry room or add washer/dryer in each unit- New roof- Individually meter each unit electric/water- Add small park- Update curb appeal to include paint.- Add small workout gym to leasing office- Update pool area with pavers and outdoor furniture-- List yours below --

That way, you get to choose what makes or breaks a deal!

That's probably what you would need for tenant turnover assuming they didn't break anything and its just paint and some updates. 

. 😊 We are getting this house for a terrific price, 140k. it needs about 50k to fix foundaruon(worst part of the house ) and other  Things  like paint , floors, kitchen.

Can you work comfortably in the areas you choose to do business in?