All the updates done by third parties, somehow deteriorated much fasted, especially when you see it on the surface....so called “cheap flip”I’d rather have underpriced house and make some updates and I do want to choose the Tenant.

They have more skin in the game then you do.Make sure you get clear title.

Someone wants to own in near future, create lease option with terms like 400 or less of repairs is theirs to reduce landlord responsibility and create more pride of ownership/skin in game.And so on and so forth as now most of my deals are just me cross mkting with my own database and in control of deals and getting more referrals from creating win/win/win deals.Hope this helps

Evict him if you so wish and then hire a cleaning lady clean every surface and then get a ozone machine I’m telling you in my lower class properties that ozone machine works wonders !!!!

If downpayment is a problem, I can see it, but usually (unless it is overpriced) the seller wants the buyer to be committed by having some skin in the game.

Second, kitchen is where I've found you get biggest bang for buck, particularly if you put in a solid surface (I do commercial grade granite and it helps every time). 

It is all relative to your initial skin in the game. 

Grand scheme of things, it would be nice to refinance to pull money out and throw into other investments, but id suspect its only a smart move for somebody like you who has a lot of skin in the game, and the capital to back it up.

Just on the surface though, I would say that you can do much better in other markets.

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.