However, a roof over their head is the minimum that buyers are looking for.If you've got a less than desireable house in a similar neighborhood then you don't want to be a long distance landlord.One other thing.

Dal1,As an appraiser I have seen many houses that have been improved beyond what the neighborhood calls for and it is unfortunate..When an appraiser adjusts the comparables to the subject to arrive at a market value your improvements are adjusted to what the market iswilling to pay for those improvements.

Maybe the neighborhood isnt great or maybe building is old.

They will focus on a certain style of home and have a profit margin they expect when the project is all done.

First i would think about what it will take cost and labor to strip/patch/sand,stain and finish the floors stripper and sanding pads will add up unless its an exotic wood, I personaly would simply lay new hardwood or laminate flooring down you can find all styles sizes colors types of wood and most are prefinished and are extremly easy to instiall, some are glueless and nailess.

As the forums are organized by topic you can read up on a specific style of investing before broadening your focus to other styles.Some advice.

There was one in my neighborhood whhere the owner did a deed in leu and it sat from September until March then sold in 10 days.

Great senior only neighborhood, the worst house on the block.

Got tired of playing landlord, and realized the big money takes too long to get, so I started up a new style of investing.My background is really in programming, more specifically web based application programming with databases.

I read quite a bit of his material today and I really like his style.