Also, make sure you’re marketing to the right buyers—families or those needing home office space might be especially interested in the room your house offers.Highlighting the renovations is key.

For the last 22 years I've been involved in real estate as a house flipper, with extensive experience in building and renovation contracting, owned a residential property management company, and now have a private money lending business (licensed NC re broker).

Given current interest rates, I don't want to be cashflow negative so I will likely be leaving most if not all of my renovation money in the deal.

And then another $30K-$40K for renovations.

@Celine Li Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

do you have experience in renovation? 

The $50k Heloc on house 2 was used to begin renovation here.

What you see staying on the market longer are homes that are not renovated asking top dollar or above 

Primary Focus3bd 2 bth single family homes that are destressed, renovate, then rent to section 8 tenants. 

I ended up renovating the home completely and was able to increase rent and secure another 2 year tenant with three garages rented.