Complete remodel.

There are a few product types I know like the back of my hand and, if I were the primary decision maker, could take a design from entitlement reviews to having a complete design ready for engineering within 2-3 weeks.

Inexpensive land scaping is a good place to start - simply mulch the flower beds for example.

Simply put, go where there is green pastures to till. 

@Robin Waters Yep I completely agree, if tourists and wealthy retirees are willing to pay more for things around here, they'll be expensive.

None of us can know your complete picture to tell you much more.   

I completely agree with this.

. - Depending on your target market, you can get decent cashflow from day 1 + appreciation as time goes on (if you target  a market with good population growth and other catalysts) Cons:- in the beginning, not being able to see/go to the property and having to trust a complete stranger with your investment.

Daniel -Yes, it's possible to conduct a cost segregation study for the tax year 2023 in 2024, as long as the study is completed before the tax filing deadline.

While you can’t completely control who applies to live in your properties, you most definitely can find areas that are popular with students, young professionals, families, etc. 4) just as important as finding the property, you need to have an exit strategy in mind for the property.