It is one of the best ways to create value by bringing in fresh capital to for repairs and improvements that can have an immediate effect on NOI. 

My approach is to sign fresh leases.

Fresh event of dog pee caused $5,000 damage to hardwood floors, over 100 sq ft of wood needed to be replaced and other areas need chemical treatment and all the floors needed refinishing.Dog claws also scratch wood floors and cause damage.

Fresh hot water goes in to the top of the gizmo, and dishwasher drain water comes out of the bottom of the gizmo and goes down the sink drain. 

Of course discussing specific scenarios is getting into the weeds on the subject, but a doctor fresh out of residency who borrowed their way through is as bankrupt-able as they come $300k+ in student loan debt, before they buy the Beemer and get the doc loan on a $750k home all before making a dime as a doctor.

They don't have to be crazy over the top, but clean and freshly painted and in good condition go a long way with a lot of folks..

While I travel back and forth several days a week, it's nice to have some fresh air to come home to. 

'Ultimately though you can look at the 1031 as a very inexpensive way to get a fresh deal. 

I guess I'm pretty fresh as well, but it seems like life has given you a great opportunity to jumpstart your education in real estate. 

I would never buy one also without fresh title insurance if I was looking to get it and then refi..