Low income housing strategy

[Austin Works]

I live and invest in Monroe, Louisiana, which has a very high percentage of the population being considered to be low income. I currently own a handful of SFR in low value areas, but not areas you would consider to be warzones. My questions is - what is the long term strategy ideal for these types of properties? I see the major investors that own hundreds of these in my areas being way more hands on than I want to be, so is there a way to build a portfolio of low income housing without it becoming a job because of it's high maintenance nature?

[John Lewis]

@Austin Works spending the money upfront to take care of things like roof, ac, plumbing, etc goes a long way. I try to make my houses as tenant proof as possible and knock out all of the things that could end up being major expenditures down the line. You should be able to get about 10 years out of a well done renovation before major capital expenditures start coming up so you can decide if selling in the 5-7 year range is best or holding.

Obviously the second part is finding good quality tenants. A nice renovation usually attracts better tenants. I rent to traveling workers that make $150k a year and just need a place to stay for work.