But $20K of upgrades might result in over-improving the property. 

Andrew,The coverage for Vacant properties has improved over the past few years and the coverages available may not be a big drop off from standard coverage.  

. :)     I'm an architect by education and practice most of my life, but in recent years have also gotten into real estate acquisition, development and management, both in the USA and here in Shanghai.  

Not only do us bottom feeders like to make money, we also get satisfaction out of improving the neighborhood.

For me, in my market, I'd take my $30k and go buy a $15k SFR, then use the rest for immediate improvements to tenant proof the home and unexpected expenses.

Dan Roma pm me I’d love to walk you through some opportunity for improvement areas

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

I found out they've been there 11 years and have done all the interior improvements which I'm guessing is not uncommon.

For example, I purchased a list from List Source a few months back and at least 30% of the mailers were returned.I'm sure someone has a way around this or a way to improve their rate of returned mail but I don't want to spend the money to figure out how to optimize someone else's list. 

For example, I purchased a list from List Source a few months back and at least 30% of the mailers were returned.I'm sure someone has a way around this or a way to improve their rate of returned mail but I don't want to spend the money to figure out how to optimize someone else's list.