We had purchased our first two owner occupied properties with low down payments, and light renovation needed.  

There are definitely quite a few people here that will recommend turnkey providers and if you have limited time, don't have any real estate experience and don't want to capture as much equity in your investment from the start this it the way to go.If you want immediate equity the best route is to not buy turnkey and find a property within one of the locations you mentioned, find a good contractor and have them do some of the renovations and you'll have more equity.Definitely do your due diligence when purchasing turnkey as @Brian Ploszay mentioned.

I was renovating a single family garage today (full installation) and when I came to check on the finished work, the workers basically created four holes (two doors) on the ceiling.I'm looking to find out what I can do.1.

Have there been any recent renovations/repairs done to the property?

I’ve been looking for several months for a two family, in a good area, with potential for value add through renovations.

They are just quick & dirty ways of doing cocktail napkin math on properties. 50% rule - The costs to operate a rental property typically averages out to 50% of the gross rents on an annual basis.70% rule - When flipping houses you will probably make some pretty good money if you aim to make offers that allow you to buy the property for 70% of the ARV less the renovation costs.1% rule - If you get a property where the monthly rents are 1% of the purchase price.

Should we renovate the master bathroom (it’s nice but the vanity is low and it’s a single vanity with ample room to do a double shower head shower and double vanity- our contractor quotes $9,000)?

I bought my 2nd rental property (sf)cash from the auction(again) and again used my own cash for the renovation and they both rent out now for 700 month.

Zack A lot of people have this thought that you need to go with a "turnkey" provider or do 100% of the acquisition, renovation & management all on your own.

hello everyoneFirst time buyer looking into a 203k loan for rehab. any feedback from fellow investors that have gone through the process will be appreciated.