Focus on value-add properties where improvements like renovations or better management can increase returns.

This is more about riding the wave of a growing market.2.Forced Appreciation: Actively increasing a property’s value through strategic actions like renovations, raising rents, or improving operations.

These are typically located in lesser-known vacation rental markets, but have very strong fundamentals and great room for improvement. 

You'll also want to consider if each lender provides funding for renovations/improvements.

Ultimately I had a vision for how this particular home could easily be improved and rented for top market without much headache.How did you find this deal and how did you negotiate it?

I bought a multifamily property that was undervalued, so working on renovations and improvements now.

Further, he can improve the real property to realize a higher sale price.  

Conversion to Equity: Your promissory note will be converted into equity in Norada, which will be redeemed once the financial situation improves.3.

Average maintenance and capital improvement: 350/month (4-5kyr).

Their book is super helpful, and so far I'm guilty of at least half of all the newbie mistakes they talk about, so I expect my rental operation to improve as I implement their advice over the course of next lease term.