However, his market appreciation is effort free of any significant effort versus your approach to improve the property and gain some forced appreciation is significantly more effort. 

You will be double-taxed and the returns (net net) you make will not be worth the effort. 

If there is equity to save here then its worth the effort.

So in short, a little more effort, but nice returns.

Thinking that people are keeping a secret to their success stories is a short leap to "the only reason people succeed is advantages I don't have" (this post) and it's just not that true.

There is a method a brilliant NASA scientist developed.

My secret was the first lesson my Mentor "David" told me to never forget. 

Wife buying a vacation home just with her name on title.Reason for doing this entire effort is to ensure lowest possible interest rates and legally be able to own 4 houses: 2 per spouse. 

My state law requires landlord to make good faith effort to rerent ASAP.

Looks amazing and I think that it was well worth the extra time and effort if you made out with some decent profit and a ton of new knowledge!