I have a home improvement license, but not a Construction supervisor license.I plan on buying my first fix and flip and plan to do as much of the work on it as i can.

So far I have:Built a standard parts list and supplier list: windows, paints, flooring, cabinets, sinks.Established a good primary realtor.Made a standard of what I will do to distinguish my apartment units in the market.Hired a property management to deal with the increased number of lease up's and tenant shake out (note- I have only had 1 tenant move).Started using a documentation system for projects (Trello) and files (Google Drive).Built a solid relationship with a commercial lending arm of a regional bank.Areas to improve: Marketing- I have been MLS primary for my deals focusing on heavy rehab needed C class buildingsWebsite- slacked on totallyAttending network events-  in the 2 years only made it to 4 I think.

Before these basic improvements, the finishes were not so great, and my tenants were more problematic, and there was more turnover and lower rents.  

Then, improve the property and make it worth more. 

they rented the house as it was at time of leasing, the basement was not renovated when they moved in and you have no further responsibility to improve the basement for them.

Total depreciation claimed $38,000.Sold property in 2016 for $187,000.I didn't include home improvements and other costs that adjust to basis for simplicity.

@Nate Julian -  If the rents are below market for their current condition regardless of any improvements needed...then by all means raise rent on the current month-to-month occupants. 

As a side benefit, you would improve your asset protection by taking the excess funds out of the LLC since they wouldn't be available to potential future creditors of the LLC.Regarding the application process, the brokers are subject to "know your customer" regulations so they will need to know identifying information for the human being that is authorized to make decisions on behalf of the entity.  

If its over 70% leveraged, can you refinance (BRRRR) with your improvements and higher ARV to get it to 70%?

Pros are they pretty much stay rented all the time and a lot of the renters are there for years.Cons are since there are so many quads in the bigger developments that you're competing with other landlords and they are all renting for about the same price so it's hard to make improvements and raise the rent.