We have been strategic in our approach to rehabs so far with our properties. 

BUT one can strategize and run the numbers to protect as much as one can in a correction.I believe a correction will happen but nothing like 2008....much less in terms of %.  

It is exciting when you discover that investment vehicles can be strategically used together.I love real estate so I was thrilled when I discovered that I could actually take a loan from my 403(b) to buy a primary residence with a 5 year pay back period.

In old house like that, we typically remove aprox 12" strips of plaster with a reciorocating saw in the area where we want to drill holes through the studs to run new wiring, cut hole in other strategic areas as needed.We put 1/4 drywall over top of the existing plaster, typically the older houses have wide enough baseboard and trim that you still have a nice "lip" at the edge.Saves a LOT of plaster demo work, not to mention a lot the extra trim work.

Then I would do a nice retaining wall with some good landscaping strategically covering the AC units from being visible from the street. 

What do you want to accomplish in these timelines and what will be your strategic initiatives going forward.

I'd suggest you spend some time researching the concept and formulating an investment strategy.  

We are going to discuss short and long term goals and formulate a plan from there.

There is an alert option that states "Alert me when property moves into the following period:"   LotteryExclusiveExtendedDollarDoes anyone have experience in what these statuses mean, and/or how can I can best strategize with them?

Ginger Schmidt Even as a new investor myself, when I read this, my first thought is that you will formulate answers to that after reading and listening more here on BP.