There is also some exterior work needed to boost the curb appeal.

For example, if you are in a lower COL area and can find a duplex or triplex for say 150k, you can put down 7.5k, maybe more with fees and keep the rest as reserves and also use the money you're saving in rent to boost reserves and save for future investments.If small multis aren't an option, consider buying a fixer upper SFR with a 203k loan to boost the value through a renovation thats cost can be rolled into the loan.

You should always invest in the fundamentals of populations growth and the factors that influence it.

Cap Rate is determined by the market, so an investors can not influence cap rate.

So if you can boost the NOI then you know how much value you’ve added to your property.

I'm running into a similar issue, where I'm accounting for a refi in year 6 or 7 that is boosting my ROI/IRR over the long-term hold. 

With this new property, i'd like to start off on the right track, so i figure that hiring a real estate savvy accountant would be a huge boost for me. 

But steady growth in jobs and income will boost housing demand over time.

Complete interior remodel in a great area helped to boost rents by $300 per month.

The rent rates are comparable to similar units in the area and could go up a little, but that of course needs to wait until the current leases expire so that’s not an option.My plan is to use the income from this house to boost my monthly income so I can go and buy a second building, then pay down this first one and refinance.