Loved both points that certainly better renovations can help attract better tenants willing to pay higher rents and while the ROI on the additional rent can be calculated easily, the ROI on a better tenant is hard to calculate and may be way higher!

You should be able to easily achieve 1% or better for rent to purchase price ratio.  

If your unit was so popular you had to turn people away, then it will be easily rented again.

I can do the cosmetics easily but I will have to hire out for electrical, plumbing, gas, etc.

Anything you can do with a 10 year note I can do with a 30 and the small bit of interest spread can be made up easily by reinvesting the extra cashflow from the 30 into another note. 30 year is best from a financial standpoint.10 or 15 might make you FEEL better

Rental properties can be easily managed when done right.

Do you own any rentals and if you do would you want a dog that could kill a small child or even an adult really easily living in your property?

You can serve 30-days just as easily.

In today's economy, a strong personal injury claim can easily exceed the average amount of coverage from policy holders.

The value could drop as easily as it can increase.