And I do mean everything- walls, trim, ceiling, outlet covers, everything. 

New kitchen cabinets, granite counter tops, new stainless steel appliances, new fixtures throughout, new outlets and switches throughout, luxury vinyl plank flooring on first floor, carpeting on second floor, new vanities in all bathrooms, new toilets, 2” faux blinds throughout, new windows (more on that at the end), and a new water softener system.

Key was to not take your cash out and spend it on consumer items but to use them for reserves.. many did not heed this advice .. had limited reserves and ended up in deep trouble.. when they had an unexpected higher than normal turn over .. etc.

There wasn't even an outlet in the bathroom on that wall.In terms of what to be prepared for.1) Hopefully you have loss of rent coverages for 6 mos on the house.

Also, each of the siblings ended up with a little cash from various retirement/insurance accounts so they all also agreed to chip in towards a "buffer account" for those unexpected things.Ultimately, while the long term interest of the home is preserved for ALL the siblings, my wife and I get the immediate benefit of adding this home to our assets which in turn will give us access to it's large amount of equity for future deals.And the final awesome thing that has come out this was what one of the siblings asked me. 

By having an additional income stream I can protect my family from unexpected events and situations.

What he told me is that when he has inspected apartment units previously, he has checked all of the electrical, including all the outlets, pulls the breaker box, checks every aspect of plumbing, heating, air conditioning, attics, roof, foundation, ventilation, shelves, cabinets, appliances, etc.; basically, everything for your typical home inspection. 

That way you’re not out the money if something unexpected happens.

I can't speak to appreciation much with great certaintiy, but as long as they continue to build shopping centers around Clarksburg (example is the new outlets), there could be potential for even greater appreciation over time. 

Shortly after submitting our offer, I learned from the listing agent that the sellers had an unexpected death in the family - not one of the sellers.