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Hello BP, What are the some things/strategies that you've come across that have helped improve your business?

It might take 5 years, maybe 10 but the place is rapidly changing and improving. 

Improve from there.The truth is when you're new you only need ONE source of notes.

I do agree that people who have the time and energy to WORK their lower class properties can come out ahead, but it takes a special person to do it well.  

For a small house, I think you can get close to or at $50K if you remove some of the labor costs by DIY and ignore some things like permit costs, tap fees, other site improvements.

At my current status, I could only use stated income for acquision, and have limited means to cashout refi after improvement.

The tenant may not unreasonably withhold consent to the landlord to enter the dwelling unit from time to time in order to inspect the premises; make necessary or agreed repairs, decorations, alterations, or improvements; supply agreed services; and exhibit the dwelling unit to prospective or actual purchasers, mortgagees, tenants, workers, or contractors.

You may let them know that you had budgeted funds for rehabbing the home including landscape but that if you have to cover the back HOA fees you will not be able to improve the looks of the neighborhood as much as you want to.

I have moved and want to rent my old house out until market conditions improve or I might rent it out indefinitely.