When analyzing, the cap rate, among other things, will give you a clue whether or not the property is worth further investigation.

Here are a couple of places to look into some potential strategies:- Have you investigated who owns the nearby land?

@Joshua Dorkin, Its still fresh in my mind! 

Brian Zabowski ,I'd add a quote from a contractor, or if you plan on flipping yourself, a conservative flip estimate.If presenting in person (all of this seems obvious but these are the things I would do exactly): I would clean myself up as quickly as possible (fresh haircut and shave), in texas I'd wear starched jeans, a button down, boots, and a navy blue sport's coat.

You can't add all of these addendums unless you add this fresh lease with the new addendums and specific policies that the last landlords did not likely implement.

I am a flight attendant and enjoy traveling still so going to new cities to investigate properties is something I will look forward to.  

Thanks for the referrals as well :)I will do some investigating! 

I am a freshly retired school teacher ready to bring better homes to our communities and produce more than a teacher's salary.

UGH.As for renewals we offered a clean your carpet, or freshly paint 1 room with our renewals and our tenants loved it, some took advantage of it and the others didn't but it kept our carpets in better condition. 

I know some investors only keep their freshly rehabbed houses for 5 or less years so they avoid those big costly repairs like roofs and furnaces.