Your total return is a function of cap. rate, appreciation, and leverage.  

By adding a shower and moving the sink in the first-floor bathroom, I created a more functional space.

I do think I've learned a great deal however, concerning how business credit is viewed vs personal credit, how having your LLC, S-Corp or Sole Proprietorship set up correctly with its name and exactly what your describe the business function to be, and also just how important your ability or as in this case, F&G's ability to know exactly what the underwriters are thinking and want to hear in order to greatly increase your funds.

Design and finishes are typically owner functions.  

Not a lot of functionality, but would have been useful to me when I started out 

Business forms usually near downtown or a particular area that's generally centrally located to popular functions and the hub of the city. 

@Mounish ThatikondaThree beds and one bath is less desirable than having 2 bathrooms or even a half bath. 3/1 can make some of the best purchases because they are functionally obsolete and may get passed up by many buyers allowing you to get a better price.

Just remember, returns are a function of risk and effort, so don’t fall into the trap of buying low cost assets with the promise of high yields.

I'd look at population growth and job growth next.Cash flow is not only a function of the rent and purchase price, but also that of your loan value. 

However, if you elect to own the real estate in your personal name, creating a separate LLC to perform property management functions and to collect rent provides absolutely no added protections.