We haven't talked about specific repairs but here are some things that definitely need to be replaced or repaired: no front sidewalk from work we did 2 years ago - needs new sidewalk, exterior brick wall is falling in in one spot, gutters, roof repairs, update heating for second apartment (put in a furnace last year for one apartment), just to name a few. 

. $40K per year is roughly the "sweet spot" for that if you have 4 rental properties in the state of Ohio.

People simply are not worried about looking for deals right now, lets face it this is the sweet spot being the week after Christmas and the week before New Years.

By separating out these items, I can more easily plan better and spot areas to add value. 

You are dead right on the spot about South Houston.

East Atlanta seems to be a growing spot...

The first one we bought was a condo near old town orange which is a very trendy spot with tons of restaurants, bars etc.

You've picked a great spot to start your real estate investing trip!

Is there a spot or is that not allowed?

As a business owner prior to REI, I've had employees who got fired demanding calculations of their hours and final pay on the spot (in the case of an unplanned firing).