The renovation process may involve updating the interior and exterior of the home, replacing outdated fixtures and appliances, improving insulation and energy efficiency, as well as meeting safety and code requirements.

Make sure you have a sizable safety net in place.Recognize the dynamics of the local real estate market.

Street lights, pot hole maintenance, water quality, sewers and hospitals... are vital to safety and the value of your real estate.

Then think about putting extra things for safety such as lights that turn on when they sense movement or an alarm system.

It also depends on things like if you're investing in debt or equity (for completely different answers...again more safety equals lower return and more risk equals more potential reward ).

It’s crucial to ensure you’re compliant with your city’s requirements, including permits, taxes, and safety regulations.Ok - that was just a stab at it. 

Is the stairway and porch a safety concern? 

So, how do I balance neighborhood safety vs rental demand?

I have heard speculation of McQueeney getting drained in the near future due to safety issues with the dams.

We buy, fix, flip and manage and leave no stone unturned when looking for deals.We negotiate hard, buy with cash and close quickly.Gotta buy cheap in order to make margin but still deliver a turnkey property to investor at fair market value.I've always believed in "making money when you buy and not when you sell".So it's important to buy cheap.A strategy that I always tell all of our buyers when investing is to always "underestimate income and overestimate expenses".If you think it won't happen to you, it will and you can't go wrong including a margin of safety when predicting expenses.I hope that helps 👍