The appraisal (considering updates, but before they were done) came back at $125k so I am not confident that we could actually get the house to appraise for this high unless the market has gone up in 3 months (inventory is low in the area). 

For the most part, Triad believes that these standards will benefit the industry a great deal;however, there are a few provisions that are overly burdensome and vague in terms coverage.Respectively, Triad is asking for the alteration of theses provision to properly address the aim of the Task Force.

John,Thanks, that's what I was looking for in an answer, I will update this afternoon.

Good luck, would love to hear updates. 

Your aim is to get the property under contract and flip the deal to a rehabber/cash buyer for a quick payday.  

We keep them well maintained and tidy with the idea that good tenants want updated, clean spaces and are willing to pay a bit extra for them.Do I let him stay, at least another year until all the other units are turned, or does he need to move on?  

How Often Do You Update Your Operations Manual?

I am finding some good deals, and I can tell that the houses are "70s" and need to be updated.  

Make your repairs that need fixing and make updates to your rentals.

We have done some exterior upgrades to the property (painted exterior, replaces a few pieces of rotten wood, demolished an old building), but the inside has not been "updated" for several years.