Just depends on how bad it is at purchase (i.e. how much deferred maintenance, what your renovation plan is, etc.).Something else to keep in mind is that if the occupancy rate dips below a certain level (85% to 90%), you cannot qualify for certain loan programs and will have to secure a riskier bridge loan.

If I were lucky enough to find another property within the required time frame and make the 1031 exchange, I would have to still have the thoughts of future tax payments in the back of my mind for possibly years( unless I died, then it would not matter).

Euclid & Garfield Heights both come to mind.

I don't work in the rental rehab space, only flips.Personally I like to do accent walls, wainscoting, crown/trim work, accent tile, functioning kitchen spaces, wine racks, wine fridges, etc...For a rental I would probably avoid all of this and go with basic, clean and sturdy over fancy and nice looking. 

@Kai Van LeuvenIt’s sounds like you’ve gotten all the low hanging fruit, another couple things that come to mind Is reducing boring expenses that people typically dont shop or spend alot of time addressing;-taxes ( I don’t know how tuned in the city is to your remodel but you want to spend a little effort ensuring you don’t get hit with a property tax increase )- I’m not sure the type of tenants your looking to attract but a playground might go a long ways to adding value-Insurance ( anything you cad do to reduce your insurance?

@Trey Hedrick im not from the area but if mentoring is something your looking for i wouldnt mind sharing some knowledge i even have some local team members you could network with.

We wrote it with the beginner in mind.

Peace of mind comes when I do things myself (not only accounting).As to tax returns I was only audited in 1998 in Italy because I (correctly) used a form to pay taxes while everyone uses it to get refunds.

In short, I’m all about getting as much info as I can before I start really delving into making deals.With education in mind, what are some audiobooks that you would recommend for beginners?

I will say that in my market a 2/1 is considered functionally obsolete and can be difficult to sell.