Current home value $400k Amount owed $333k (28years left)PITI $2000/monthWill rent for $2500No major repairs needed.

I am not opposed to making some needed improvements, but don't want to take on a major rehab now. 

I know that major chains invest in areas where they can make money, so a Costco, Whole Foods, or Trader Joes signifies a neighborhood getting better while a McDonalds, dollar store or oil change place does not. 

I want to make sure we don't make any major mistakes on our first rental property.

I am new so bare with me; first actual post.I am looking to invest in multifamily properties located in a major city adjacent to a major college. 

What major  replacements are necessary?

One major one is that on a very cold winter day they set the thermometer to be lower than 40F (they didn't stay inside the house) and the pipe to the dishwasher (in the kitchen on the first floor) got broken.

I decided the shrink was right and I made some major changes in my life, including a divorce and - more recently - I parted ways with my employer.  

I’m the majority owner of the new Real Referrals App...

After some major growing pains I am right where I want to be, and working with the right people.