I'm sure that some of the comps that they pull will have old 16 year original materials, fixtures, flooring, paint, plumbing, lighting, etc.

I was fortunate enough to us the VA loan and bought at the bottom of the market, made some improvements (out of pocket) to include new appliances, landscaping and painting (interior and exterior).

You can rent his unit and get the money for that, plus hire a landscaper for the lawn upkeep and they have insurance and workers Comp.

After adjusting the rent down to $750 and stashing 15% for CAPEX it's only yielding about $150/mo, which seems a little light...

The next thing i would look into is upgrading common area lighting to LED, this has saved nearly 30%.

Also HBO, Showtime etc all have light subscriptions as well.

I think 5% for maintenance is reasonable as well since I have no landscape or exterior maintenance duties.

Lastly, the entire home we have decided to make "smart" and all locks, locks, thermostat, towel warmer, and mood lighting will be controlled via phones or computer.

See below. 1) Properties with high equality2) Code Violations (Closed violations for lawn care/landscaping)3) Tax Delinquent (Tax Lien)4) Garage Sales (via Craigslist.com)5) Listsource.com6) Inheritance (USleadlist.com) 7) Pre-Probate8) Probate9) FIndmotivatedsellers.com (Subscription site)10) Arrest records listMy interpretation of that show is that you focus on one of these list and master them to generate leads, until you can grow and expand your business.

Then he wanted someone to look at the lights and the only thing wrong was that the wrong light bulb was placed in the socket.