If it takes you $8-10k to renovate a unit, not including cost and time to find a new qualified tenant etc. a $50 -$100 a month difference in rent for a known / stable tenant in my opinion outweighs the the full turn prospect.  

The risks far outweigh the rewards.

Value: While property management fees typically range from 8% to 12% of monthly rental income, the benefits often outweigh the costs by ensuring a well-managed property with reliable tenants and fewer legal issues.ConclusionWhether you manage your own properties or hire a professional, the importance of property management cannot be overstated.

The commission paid greatly outweighs having to go back on the market and potentially getting less than you listed it for the first time.Some individual markets are better for this than others, but if you have an agent with a great strategy on the list side (professional photos, staging advice, etc) and you pair that with listing the property at a low price; you increase your chances dramatically of getting a bidding war and not only offsetting the commission but potentially making more than originally planned. 

The numbers only looked good initially and really led to headaches in actuality.It really was hard to step out of my tunnel vision when I was over the moon when I heard of the profit I could make rather than looking at my own market with my initial funds.I agree that one or two solid investments outweigh many cruddy properties just to show that I have so many under my belt.Quality over quantity is the motto going forward for sure.

Do you think the potential for appreciation or cash flow in Texas outweighs the tax burden?

They help you make decisions that lead to significant long-term tax savings, which often outweigh the cost of their services.

Personally I think the pros out weigh the cons if you look at homeownership vs renting. 4.

Benefit: Weigh the potential tax savings against the time and cost of making the change.Recommendation: Consult a tax professional to evaluate whether the potential benefits outweigh the efforts and costs involved.3.Partial Asset Disposition in TurboTax: Handling Roof Replacements•Understanding Partial Asset Disposition:•When you replace a structural component like a roof, you can write off the remaining undepreciated value of the old roof.

Usually holding costs and lost opportunity costs far outweigh the gain in sales price.I would also have multiple exit strategies and if prices dropped more than I wanted could I keep it as a long-term investment and have the rent cover my expenses.