My strategy would be to let it cash flow initially for the next couple of years, and then if the area keeps developing, determine if its worth making substantial improvements to raise the rents significantly.There are definitely some risks with this property: many tenants are on short term leases; and there is the risk that the immediate surrounding area does not continue developing as it has over the past couple of years. 

Theoretically, this means improved real estate marketing performance and ROI.CurationCuration remains a popular trend, though its value may be suffering due to larger trends, and the obvious need for originality.CrowdfundingNot only is technology creating more efficiency in mortgage lending, it is spawning new financing models altogether.

Any energy you spend on this will be easier than a drawn out eviction, so figure out the barriers and help them solve them.You may struggle to find quality tenants and folks that won't smoke in units, I had to really adjust my expectations over the years. 

Since RE is my full time gig coupled with our efficiency in finding these deals and getting them done, our return on investment and time is pretty good as well as our exposure to market fluctuations being very low.  

It was very challenging to coordinate the deal between the owner, his son (who was on house arrest in a halfway house in another city) and granddaughter and convince them we were there to help them get what they wanted and do it efficiently.

So 1031 seems to be wise.But you've got the improvement costs to sell and you've got that pesky credit card debt that may not be too much but it's a drag on you. 

If not, within 5 minutes, your gut should tell you how efficient and organized the job is being run.

What steps can be taken to improve my buyers list?

A little rent increase and a little expense efficiency goes a long way towards overall value.Also keep in mind SB 608 and how it will change financing coming up.

It was a great find... the rental income was lower than what we would want but because there was no improvement that had to be made, we were ok with the rental income being low.