We do two of the items on your poll.We offer MoveIn Specials - best one is a free month of rent. 50% is credited for 2nd month, so they can't use it to lower MoveIn cost.

I used to buy nice kitchen items until they kept disappearing.   

(most people are unsure of how to record the items from the closing)2) improperly recording payments made to and from a property management company3) Improperly recording payments made to mortgage companies(not allocating it between interest, principal paydown, escrow)

It is rare to not find unexpected items and/or increased costs during renovation so $45k could easily turn into $55k.  

Now I can say I’ve almost come full circle.During lock down last year I spent a lot of time watching YouTube videos and stumbled across an Australian (Lindsay Stewart) who was acquiring US properties remotely.I have been investing in property since 2007 but had never had anyone walk me through the process of how to successfully invest remotely.After months of due diligence I acquired a property in Roseville, MI from (having never been to that state let alone that city).I was able to buy it deeply discounted, with a tenant in place only doing minimum delayed maintenance items - 500 spent.The asset is generating a 10.2% net yield and once I carry out a cosmetic renovation that will increase to 16.2% net yield!

Yes, the cashflow doesn't look amazing, but the equity capture is what interests me the most.

You also want to be forward thinking on your process to handle routine items with your tenants. 

When you understand these and other related items, then you can effectively formulate a strategy.

The property is very, very nice and belonged to an elderly gentlemen who kept up the place, but does have two major items that will need addressed in the near future: Roof replacement within the next 5 or so years, and a new AC condenser by Spring 2023.

So now you bought the goose-egg, and of course found a bunce of GC's who are happy to help fully reno the place, because that's all you looked for, a GC happy to do full scale reno, ignoring all items of at what rate, what speed, what cost controls, what references etc..