Small improvements equates to small value adds.  

Hi @Eric Girard Small, visible upgrades that improve curb appeal and tenant experience often give the best ROI without major disruption.

You just got pre-approved and are ready to make your first investment in a rental property.You are worried about rates and margins on your investment.If you can buy a value-add duplex near you, ideally with tenants in place, I would look at doing that or live in one side of the duplex and put less down.That way, you start with cashflow and can prepare to improve the property and increase rents when a tenant moves and you should always have a rent check coming in.If you buy it well enough, you can refinance the property and pull out a home equity line of credit and go buy the next duplex in a short period of time.If you cannot find that near you, there are several markets in Michigan where you can and we have experienced property manager partners who can handle the rehab and manage the property well.Top Your Success!

You’re really limiting your chances of a faceplant. 

She is fair but will hold you accountable if you haven’t done the improvements.

Come to Indy. 80% chance you will get scammed but it will be pretty funny.

And if it’s something I haven’t personally experienced, chances are I know someone who has.

On 202 Purvis: by chance, do you happen to know offhand whether Garner allows a legal duplex/second unit at that address?

I am Lean Six Sigma Yellow and Green Belt Certified, with experience in operations, process improvement, and procurement within the distribution industry.I am very motivated to learn, connect, and grow in this field.

@Roland CordarTechnically, you cannot exchange into improvements on property you already own.