Are your priorities(in order) and your daily actions aligned and where can you improve?

An addition would most likely be considered an improvement, not a repair/maintenance, so you'd probably just add it to the property's cost basis. 

If I can buy it, fix the differed maintenance, improve the occupancy, and bring turnover back in line it will be a grand slam home run hit.  

I find distressed properties with good bones, rehab them for top rents.My challenge is the valuation of the property is still performed as a small mf (1-4 units) so the neighborhood Comps dictate valuation more than my improvements or the rent rate.I started to wonder how valuation was done for a portfolio of properties.  

If you buy it with a low down payment and make improvements raising the value, you can then later get a mortgage for typically up to 80% of the new value of the home and pay off the existing loan.

Since it is my first property I will buy & hold it while improving upon the value of the property over time.

I don't spend much time on the forum any more....when I stopped it had become a big "bash VRBO" frenzy and I got tired of people using Homeaway's (VRBO's) forum to bash the company that created it.Not to mention that I was one of the people involved with the creation of that forum and hated to see it deteriorate from a place where people could come together to share ideas, help each other and communicate directly with the staff at HA/VRBO to the negative space it had become.But, their tools are still helpful!

If you have an llc you can apply for a home improvement contractors license but there are expenses involved with that. 

It will improve, but I fear that the coal industry is dying off. 

Exactly one week ago (1/8/2020) I found a self-storage facility listed in Florida that fit the exact criteria I was looking for; room for expansion, operational improvement potential...you name it!