Analyze the property and budget for the improvements needed to make it a much more valuable property than what it is now.

The neighborhoods you chose are great, and it should be easy to resale remodeled homes.You might be able to find a condo here and there, however the competition on the condo is fierce as you do a lesser amount of work versus houses.

@Brent Coombs I tried to tell them both since I don't like condos for all of the reasons I had in the first post but both are for personal use so it's a little different for them versus investing wise.

Since this property mentioned they had some deferred maintenance in the listing I added $10,000 for improvements. 

It reminds me of when I spoke to the broker that set up my 401(k) and him telling me the difference between more aggressive stocks versus more steady and long-term investments.

We are focusing on buy, improve and hold for short term and long term rentals.

- that it makes me shake my head.Other thing about DSL: it may be an individual line from the switching station to your house, versus the water pipeline analogy, but the switching station is like a pig's trough - there's only so much room for all the pigs to crowd around, and once it's full you have to fight for space.

If I were you I would go ahead and do the improvements, but don't omit the part where you raise the rent a little bit. 

You don't say how much you are putting down, but increasing that amount up to 20% if you haven't already and lengthening the term to 30 years could help improve the cash flow.

We improved and sold it when we PCSd and then bought another owner occupied house in the US.