Do the research thoroughly and upfront on the buy side so that you know what is realistic to expect as far as the improved value goes, and don't bank on setting new records when doing so.

Mortgage and capital improvements are excluded.

Are young professionals moving into the neighborhood as first time buyers, starting families and improving the neighborhood or are they moving out?  

Finally, I schedule a walk-through with the tenant during the first 7-10 days of ownership so I can document the condition with pictures, talk to the tenant about maintenance issues, or project improvements during the next turnover.

Sometimes, you can move them slightly if the income approach is much higher, but your best bet to move an appraisal is meeting the appraiser while they are performing the appraisal and talking up how great the asset is, the improvements, the shortcomings of other comps, etc.  

Our team added a bathroom to the master, opened up 3 walls to improve layout, and brought high end finishes to make the project a statement project.

Our team added a bathroom to the master, opened up 3 walls to improve layout, and brought high end finishes to make the project a statement project.

Purchase price: $700,000 Cash invested: $24,500 Sale price: $700,000 OFF MARKET inside lot multi unit delivering just about a 10 capfacilitated for new investor. its great to come across business owners who understand how to deliver value to tenants to improve revenue and , show value to new investors What made you interested in investing in this type of deal?

I have performed $5000 in capital improvements Lessons learned?

I've made a handful of improvements, but I've never done this before!