Investors have renovated a lot of SFRs and improved the condition of the housing stock but the higher rents are putting people out on the streets. 

Make sure the improvement would make your property valuable without overvalued for your neighborhood…any comps to look at?

@Mike Kroupa There used to be a tv show where decorators were given 2k to improve the appeal of a house on the market.

However, you can certainly improve your chances at success by focusing on areas that may be better than others. 

The dissent agreed with the majority that the sale must include a permanent dwelling and that a principal-residence sale must include a home and improvements, but argued that the dwelling could be demolished and rebuilt as the petitioners had done, where even though the original house was gone, this would be defined as renovation of the original principal residence, not as a different residence, and not interrupt the 5-year period. 

From there, you'll know if you need to save more cash, improve credit score, or if you're ready to go. 

The dissent agreed with the majority that the sale must include a permanent dwelling and that a principal-residence sale must include a home and improvements, but argued that the dwelling could be demolished and rebuilt as the petitioners had done, where even though the original house was gone, this would be defined as renovation of the original principal residence, not as a different residence, and not interrupt the 5-year period.

Gradually improving the property by raising rents, improving curb appeal (trimming overgrown trees/ bushes, new landscaping, power washing).

It’s what you actually paid for it, along with any major improvements. 

When buying a property and the exit is to refinance over and over, what is the best balance to have when it comes to cashflow and using the NOI to improve the property to grab more money at the refinance ?