I believe an investment  property should  have the bells and whistles`; stainless steel , granite counter top, back plash , laminate or Bamboo floors, update kitchen and  bath  to get  rents from $ 1,100 a  to $ 1,300,  or a 79,000 to 100,000 sale which is Top Dollar for the area.   

I myself, don't know many places around that give you those returns in great neighborhoods, and has ample supply of homes for all investors to enjoy.

Any updates?

thanks Jerry,  for the arv I pulled 5 sold comps in same neighborhood ranged from 167 - 176k and did a few puts and takes as some didn't have a garage (my property has 2 car detached) others were  more updated.  

Hi I'm new to real estate investing and I recently learned about acquiring a property Sub2, but something came across my mind is that if I got the property and wanted to rent it out but the home need repairs or updates in order to gain more monthly rental income where would I be able to get the funds from to do so?

Keep us updated on your progress.I wish you all the best!

But the list is updated every year - so there are always 200 on the list.

Lender stipulates that I live in the place for 1 year minimum.I plan to live in the 3/1 for a while, take care of any maintenance items and make some cosmetic updates, and eventually rent it out.

I just got a message from my Lender , and found out that I qualify for a maximum loan amount of $60,000 I will be going the Conventional Loan amount of 5% down , with the standards for the house " mandatory " repairs ...

Tenant can call directly, schedule service, get updates and pay the $65 service call.