Prioritize value that boosts NOI and appraisal without heavy disruption: pave or gravel the drive for cleaner parking, replace unsafe stairs/decks or at least tighten, paint, and add railings, and give the exterior a quick win with lighting, mailbox numbers, and simple landscaping for curb appeal.

I now am an experienced land lord on paper, although I did it with my family business before in light industrial/commercial, and supported a huge private fund with the 35k homes.My weaknesses:1.

How many of those do you need to pay licensing, insurance etc. and keep the lights on

Curious if anyone has utilized a strategy similar to this and could shed light on their experience.Thanks!

Light rehabs where you can force a few hundred bucks of rent growth are gold for new investors.

Brand new toasters, blenders, pots and pans, silverware, etcLook for appliances at big name Appliance Stores that sell seconds or lightly damaged units (scrapes on the side or back)... 

If you already have reliable local help and can handle light management, the upside and diversification seem worth the move.

New kitchen, new full bathroom, added half bathroom, new eyebrow porch, new flooring, new paint.What if you did a light value add that projected a value increase enough to cover holding and selling costs, but the market depreciates a little?  

You will need to install outlets, switches, and lighting fixtures as needed,6.

Start with one flip, light scope, and tight numbers.