Just after, the book talks about improving the property so rent brings in more money per month/year, which increases Gross Rent Multiple. 

I agree, improve it now as if you were planning on selling.

Thank you again for the information, if I have further questions for you during the investigation I will certainly reach out.Best regards,Frances Hlawatsch | Financial InvestigatorState of Oregon - Real Estate AgencyYou cannot advertise in any manner a property you dont own with the expectation of profit without being a broker.. or buying it first.  

We refer to it as a “debt checking” account in the 101 Financial world.

After you've done some strategic improvements and built the tenant stability, you can sell the property and roll the equity into another with no out-of-pocket down payment.

We will be raising rents to market value and improving the units to a more modern look.

Financially, would it be smarter to purchase a rental home first (if we find one for the right price) or should we purchase our own home first then potentially rent that out when we are ready to move again?

@Anthony JankeFinding something that would reduce what you are paying in rent would be an improvement but I would encourage you to try to find something that would at least cover your expenses. 

Some people recover, but cutting your body to "improve" your looks?

I've recently had a perspective change due to listening to Rich Dad Poor Dad on audible, as well as some of Brandon's books, and im seeking to make a change in my financial, personal, and professional life.