That said, weigh the cost of renovations against the potential increase in appraisal.

It is something I am interested in doing in the future, potentially even this year, but I am curious how to put concrete numbers to this decision.  

Hi Ethan, I would not entertain the idea of getting more money from this tenant in order to potentially increase your cash flow. 

Have you started thinking about your strategy or exploring potential markets?

@Jacob Hrip For a first-time investor, financing options like a HELOC or private funding depend on your strategy and risk tolerance.

Hey Deirdre,To address your questions:Providing freedom by handling day-to-day operations.Offering peace of mind through proactive maintenance and tenant communication.Reducing risks by staying ahead of legal requirements, tenant screening, and dispute resolution.Enhancing the bottom line by identifying cost-saving opportunities while ensuring tenant satisfaction to reduce turnover.Is the experience still important when the property thrives financially?

The cleanout is about 10-15 feet from the curb, but they had to snake 70 feet, suggesting a potential city sewer issue.The plumber mentioned that if I report this to the city, they will likely request a secondary cleanout closer to the curb, which I would have to install at my expense (a costly job).

I would also check median home prices vs. rent potential, landlord-friendly laws, and supply vs. demand trends.

Until robots can actually go to the property, go inside and see it, touch it, smell it etc. there will be risk of estimates being way off and losing money as an investor if you rely on an app.

Their money, your labor is a potential disaster in the making; what if they don't like the install?