But there is a lot of room for improvement in order to raise the rents to market rate (i.e. kitchen and bathroom rehabs, things here and there mentioned in the inspection report).

So I recently saw this link on my county website concerning LID foreclosure... with next to NO information given regarding what it is, how it works, when it's done, or really anything else on the matter. 15 minutes of google searching yielded ONLY what LID stands for (Local Improvement District).

I am constantly seeking new ways to improve my service to clients, adding new features, improving communication and documentation, etc.

As for improvements or upgrades I would consider it if they ask otherwise I don't.

If you can afford the cost and aggravation, ridding yourselfof this stinker will go along way in improving the property overall.Check your local regs and follow them to the letter regarding non renewal.

Say you have $500k in capital improvements to get there, then go ahead and offer a bit under a million for it.

Maybe I should start improving my advertising material now - while I don't have vacancies.

Any additional rescue or improvement funds provided by you during ownership would be preferred and premium, meaning they are paid back first and accrue at 8-10 ish % interest. 

Like increasing the security deposit, having supplemental insurances in place, or assisting with the improvement of the property in certain ways.

I continued plugging along, buying bigger and better investments as I learned and improved my buying power.