You could also try sending postcards or letters offering to buy their property, which is a less intrusive approach than knocking on doors.

I have experience building financial models that provide a clear, data-driven approach to investment decisions and project feasibility.

If you want to make cash flow, there are some changes you need to make in your approach. 

Everyone is different that is just my approach.

That approach makes a lot of sense—focusing on key value-adds like bathrooms, curb appeal, and open layouts can really improve returns.

I also want to make sure I’m approaching property owners the right way, so any tips on what to avoid when pitching my services would be super helpful!

Would you try this approach?

What are the key pitfalls to watch out for when using this approach?

I would NOT recommend that approach at all .. its just as easy to lose your butt as to gain a little bit of equity do all that work..

Quote from @Andrew Moresi: Trent, your approach to transitional housing is one of the most mission-driven (and potentially profitable) ways to invest in real estate.. but there are some key things to watch for, especially in a market like Anchorage.