Just post your credit card below and I will set you up

Rents can be raised to $5800 monthly to get to market rents, an increase of $500 monthly or $6000 annual, so that's something to factor. 

If you want to acquire a property using private money, utilitize the BRRR approach to raise the property value, refinance and pay off your investor.

Also, majority of contracts are fixed rent unless you specifically stated in the contract that you can raise rent during the period, but that pretty much defeats the incentive for tenants to go on a year or two lease instead of a month to month lease. 

The only thing I'd consider is if it would be possible to raise rent regardless of whether or not you put in the upgrades. 

I was a real estate broker in Texas for about 30 years and the bulk of my experience of about 30 years in and around Dallas, Texas where I was born and raised. 

I have documentation on 2011 mortgage, my schedule E tax returns since 2011, recent renovations in 2017, insurance covered renovations in 2018 and recent refinance that removed PMI and lowered rate by 0.25% (cashed out some to pay off credit cards). 

So I sent in a survey and elevation certificate, because this property is raised an additional 18" higher than surrounding houses, it is at a lower risk. 

All said and done, I wasn't up for the scope of the project nor did I want to get in at that deep off the bat.You raise a good point though to do due diligence and it is a good idea to bear in mind that all of those experts are in it to make money as well.Cheers. 

Just thought I'll throw this out, as I don't think everyone knows: A mortgage is coded as installment and is seen differently on your credit reports from a credit line, which often is coded like a credit card.