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Holding for a year or two until it’s a seller’s market to offload it feels smart—distance is a real factor, and unloading it could free up capital for something closer to home, like fix-and-flips or fix-and-rents near your student properties.On the lower unit reno question: if it’s livable and functional (roots aside), I’d lean toward skipping a full renovation for now.

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Make sure HVAC systems are working properly and that windows are insulated and free from drafts.

Notes: - Two free weeks of stay per year for the owner/landlord (Gordon) landlord responsible for the repair or replacement of major items that a typical LTR landlord will be responsible for, such as major kitchen appliances, A/C, hot water heater, and of course anything structural.- Hefty penalty on either one of the parties for early termination of lease Owner plans to invest some of his own money to upgrade/refurbish things?