***Only exception is if an owner has plan & funds to reposition Class D to Class C or higher.https://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?

***Only exception is if an owner has plan & funds to reposition Class D to Class C or higher.https://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?

Sounds sussy. this is why we only deal in cash, But even still, 8% rate with 15% net ,still ahead of the game Good Luck Except the score of this game is based on dollars. 

A dependable tenant is someone who:Has stable employment in a market segment that is very likely to be stable or improve over timePays all the rent on scheduleTakes care of the propertyDoes not cause problems with neighborsDoes not engage in illegal activities while on the propertyStays for many yearsSuch tenants are the exception, not the norm.

@Taylor Gardner Like you, I am in the same boat, except I have $0 saved.

And I thought, yeah, it is rather messed up how there is specialist agents for everything EXCEPT REI, because I can tell you as an Investor the whole "Investor Friendly" BS tag-line is well known as that, just BS, agents using catchy phrases to get our (investors) commissions. 

I agree with @Bill Brandt except that I would guess that they wouldn't be surprised since they have likely been there awhile with no rent increases (but that is just speculation).

So no one would even know about the renovation except for when they are wanting to do laundry. 

There are always exceptions and, as always, talk to your financial people to get what is right for your scenario. 

The "YES' is RARE, the oddity, the exception.