I suggest making your rental just a tad bit better in terms of design and finishes in your local market.

I have done it a couple of times, but how do you apply it in terms of real estate investing?

I've done pretty well at scratching the surface in terms of learning the various type of loans we do(gap funding, bridge loans, buy and hold loans, commercial/multi family, re fi) as well as the rates/terms.

Small stuff like the age of furnace, plumbing, electric, HVAC will add up once tenants move out or in terms of on going maintenance cost.Sharad

and may cost my father dearly in terms of financial and emotional damage.As for the rest of your comment, I don't understand it.

Sounds like you probably realize all this already, but I guess I'm trying to further dissuade you from thinking in terms of doing any significant amount of work yourself. 

Darren Landerway yes you can purchase a multi family but again your trying to fix it up while living there which won't work because the VA Loan has specific guidelines on their inspection and if they see even a lose outlet, they will tell you to get it fix or fail you.The VA inspection is in place to prevent from any owner using it as a investment now or years down the line.Has a veteran myself the only advantage I see this working in terms of investment is to purchase a fixer upper at a great deal with any loan other than a VA.

Does not need much in terms of work right now, just small do it yourself projects.I just want to see if the numbers work.

@Randy Miller you are totally correct on what most wholesalers are doing in terms of profit.

Hi Kuba,Yes, am looking to track the job process, amount spent (cash in bank, credit cards) against budget, job stages and I guess a system that can sync with my bank account and update as the job progresses, giving a clear view of where I stand in terms of the progress and money spent.