Aside from that the biggest value add areas I see are as follows: Kitchens, Bathrooms, decks/patios (if added), additional rooms/bathsKitchens and bathrooms tend to be the go-to, but all of those can help you get the most bang for your buck. just keep in mind that if the area is already of high quality, then it may not be the best area to spend the money vs something that is blaringly in need of an update.

Quote from @Evan Polaski: @Jay Hinrichs, while I wasn't going to call them MLM, I did attend an Armando Montelongo (A&E's Flip this House from mid 2000's) seminar at a hotel conference room in 2007 or 08, which was the free funnel to spend $1,500 for a three day seminar or $25,000 for an in-person mentorship.I have seen similar promoted with Christina and Tarrek from Flip or Flop more recently.I didn't start realizing how profitable education can be until the last 5 or so years.  

At that point things are more of a gamble. 

Which ever market you choose build a team and spend time connecting, networking.

Research competition  and determine their profitability and how much they spend on marketing, how many employees they need, and how much time the wholesaler needs to devote to the business.  

You might spend between $5,000 and $20,000 on furnishing the unit, depending on your choices.

how much do you have available to spend on renovations? 

So you each spend a few grand on a mediator and then work it out.

Get a side gig for extra cash flow, stop all extra spending and live like a monk. 

Practically speaking, it’s going to be quite challenging unless you spend significant time.