Make sure you get your hands on the historical financials and a current rent roll and perform a rental comparable analysis to determine accurate, post-renovation rents. 

In the meantime, work on improving your credit, finding partners, networking, practice analyzing deals, and saving cash to invest.Hope this helps - happy to answer any questions you have.Robert Leonard

You want to have a bunch of doors so your performing assets carry your others during the periods of time you've got issues going on. 

It will likely go up slightly if you can improve the management of the property, but a nearly 30% increase seems a bit much.I feel it is also important to note that your capital will likely be stuck in this deal.

Depending on what my plans for the coming year for improvements where going to be I planned the savings monthly for them.

Per Wake county tax page, 'Wake County performs reappraisals on a four-year cycle.

The rate of return on your equity is usually far larger than you could expect to earn investing that money in other ways.In fact, many investors deliberately move every few years just so they can purchase using friendly owner-occupant mortgages, improve the property while occupying, and add to their portfolio by moving out.Now, what about selling?

Ours is in an area that is primarily summer only but with continuous improvements and a good rental manager our utilization is increasing into spring and fall.Best part about vacation Rentals, no concerns about evictions.Worst part, extremely hard to cash flow with traditional LTV rates.

Hello-It is a SFR, 3Bed/2Bath; they just had their 8 year long tenant move out so fully renovating the place, new vinyl wood floors throughout  (COREtec performance plus), new kitchen -cabinets, counter tops, flooring, new SS appliances, 2 full bath remodel (showers) new paint (getting the gray tones) as well as paint exterior. 

You can lend to flippers or longer term stuff to landlords or buy non performing notes online.