The investment thesis into multifamily is as strong as it ever was, homeownership is increasingly unaffordable, construction delays due to the pandemic will further add to supply constraints - increasing absorption rates, occupancy, and rent growth. 

Your personal income statement may be lacking right now but if you have a parent that is willing to supply down payment funds and cosign a loan you have more than enough.

It has never cost more to buy oriented strand board, known as OSB and used for walls, Southern yellow pine, which is favored for fences and decks, or ponderosa pine, which is popular in cabinetry and interior trim.Many engineered wood products used in new construction, such as I-joists, are in short supply, and mills are backlogged with orders well into March, the pricing service said.

I also did LED lighting, and looked for efficient appliances, installed a nest thermostat and water sense fixtures, one of the bigger things I did to start was remove and update some of the lead piping in the home and install a whole house water filtration system since the supply lines from the city are still lead.

I am adding one factor that wasn't hit on: cap rates are effected by supply/demand dynamics and capital markets.  

Low housing supply in our local area was a big factor.

For the washer and dryer though I have tenants supply their own unless they need a specific dimension or something along those lines. 

While shopping for renovation supplies and ideas I've come across many smart reno hacks that balance quality, and price well.

Let them get to know you in their way:  Supply last three tax returns. 

Low supply of homes compared to demand - under 200 homes for sale right now in a market of over 500,000 people.3.