The Heights in hot and with a little cosmetic work that's not needed right away, you can do well there. 

I've been surprised by a few people I know personally that bought a house that cosmetically was updated and looked nice, but definitely had some sloping to the floors. 

Cosmetic is easy...foundation or structure is not.

We immediately replaced the flooring with LVT, painted, installed new bed frame/headboards/linens, and fix a few minor cosmetic issues.

So there hasn't been an appraisal, but expecting to get back at least the acquisition capital in a cash-out.Currently renting for $1,900/monthThere was a lot of work, but it was mostly cosmetic.

In regards to UWE post, the banks do not dictate pricing, the proce is set after the bank gets 3 BPO's (Broker price opponions) fro three realestate agents, then determine a set price to start the sales process...the price will only drop when the property sits for a while and or get low bids supported by structual issues like foundation cracks, roof, heating system, copper removed...banks are not concerned with cosmetics such as ripped up carpets, paint or outdated properties...

Maybe you need to do a little bit of work, but YouTube is great to learn that and most of the once I see appear to just need a little cosmetic work.

A few cosmetic things needs to be fixed here and there and she's offered to take care of much of it (after we discuss and approve everything of course).

Nice area/neighborhoodProperty is vacantCondition: Outdated cosmetics but no repairs neededMortgage info: $151k mortgage balance, $805 monthly payments (includes PITI), 30 year Conventional Financing with 25 years left (it was refinanced 5 years ago), 4.375% interest rateRent: Property will rent for $1400/moARV on the property is $200k.

(Cosmetic mostly)Possible entry into higher end neighborhoods because current prospect cannot afford holding costs with nonpaying tenantProspects and diversity increase as the economy gets worse(repeat)Lawyer AdvertisementsThreats TenantsLocationJudgesProspectDamage to house from evictionEvictionLandlord & Tenant lawMoney/Mortgage AcquisitionP.A.C.E and Exit StrategiesPrimary Plan Buy and HoldAlternative Plan BRRRR StrategyContingency Plan WholesaleEmergency Plan Fire SaleEviction processes Agree to drop back rent for leaveCash for keysEasement program for a month eviction that results and helping tenants leave (such as cash for keys)Eviction process in courtConclusion Concluding my business plan, it is well to know that this plan will take a few months to show effect.