Even if no written agreement it seems everyone has agreed to it since it has been allowed and improved.

@Tahiv Grantham In a lot of towns they will cross reference with the building inspectors as to whether or not you made any improvements.

However it wouldn't be very cost efficient to do two refis within 6 months of each other (delayed, then cash-out based on ARV) since each closing would probably cost approx. $3k.

Don’t be offended or over improve your property to make it nice .

Reliable, relatively inexpensive, and efficient to run. 

I just want to try and get a jump start on life by investing my time and energy now.

Typically, siding doesnt improve rent. 

Things like televisions, home theater equipment and stereos actually run in “standby” mode when you leave them plugged in, and they can draw as much energy as a 100-watt light bulb.

To suggest or infer that if OOSI didn't come in and buy these properties that they would somehow majestically be better taken care of and the quality of the blighted neighborhoods would improve is just silly.  

It's really tough to buy cash flow right now, you'll most likely have to create it by improving the property and increasing rents.