He was fresh out of college and nervous about his first investment in Omaha, of all places (my home base).

.- Just because you bake great pies doesn't mean you should open up a bakery.

If local deals aren’t working, try out-of-state markets or connect with local investors for fresh ideas.

All appliances need updating as well as a fresh coat of paint and new flooring.

By the way, from what I read in the Wall Street Journal, there’s a growing number of niche investors cropping up who love grabbing assignments that fly under the mainstream radar, especially if you’re bringing something fresh to the table like a distressed duplex they can reposition, or a small portfolio of row homes they can turn into long-term rentals.

With fresh paint throughout inside and out, brand-new roof, dual HVAC systems, updated water heater, stainless steel appliances, lighting fixtures, outlets, countertops, and PEX plumbing just to name a few.

I have seen this in Milwaukee too many times, the only way to make it work is VERY hands-on.If you end up renting it in March for IDK net $200 the property will have lost a LOT more in the next 12 months just in condition vs what it looks like now (assuming that it is freshly painted?

Now for the house you are leaving behind…I like to have this one freshly painted, and take action on any maintenance items.  

If you have a good loan officer then you should have a fresh list of needs every time you send something in. 

It’s just a cost of doing business and you bake it into the rent.