I am slowly updating and fixing the property and keep it as a buy and hold.

I am slowly updating and fixing the property and keep it as a buy and hold.

Still updating a few things like kitchen, floors, bathrooms, curb appeal.

Quick update, I spoke with the tittle insurance company and they said that because the omitted party action had been filed they decided to insure the property with the lien.

My plan was to rent it (approx $4200/month) for 2-3 year, use the money to make updates and capture further growth, then sell and put into 1031 since I'm single and will have closer to $400K appreciation.

@Chris Acosta, here's what we use:Pending Purchases/sales - Brokermint.com - updated dailyFinancials - QB online - updated dailyRental Performance - handmade spreadsheet to track ROI, cash flow etc - we update monthlyLead Gen - handmade spreadsheet to track ROI, revenue, expenses- we update quarterly

We purchased a home for $59k with about 698 square feet needing some cosmetic updates. 

Get a place where cosmetic updates are only needed.Let me know which properties you are looking to buy.Tim

Update.... reviewed all the numbers for the Kentucky 16 unit and they don't make sense.

Purchase a property that has no or favorable HOA, then you have a place to stay for your vacation trip yourself, and since it's advisable to stay at your own vacation rental at least once a year, this gives you a chance to update and improve it while there (or failing that have your friends or family stay at a discount and post review of what they find.)