I personally have done live in flips where you buy a decent house and improve the value.

Hi @Mike Mefferd, I think that it is wise to consider all of the different options to improve NOI whilst also gaining a marketing advantage of being environmentally friendly.

An informal rule of thumb I've found is that if two months rent is greater than property tax and insurance combined, the numbers usually work well.A couple random expenses I've had from my two properties since April (after tenant moved in):Central air issue, broken screen on screen door, lack of hot water in shower, clogged drain from toiletI'd be careful in renting to a friend. 

I got the already great price lowered a little more as it needed a new Central Heat and Air unit right after purchase which was a pretty big expenditure.

I'm always a fan of improving poor credit scores.

It's almost like Air BNB but without the worry of payment as you know you are guaranteed. 

If not, it indicates that nice improvements would be an overimprovement for the area.

Google review count and score are factored into local search ranking: more reviews and positive ratings will probably improve a business's local ranking.

@Aimee Brandner, I agree with @Wesley W. that once things deteriorate to that point they likely won't improve.

Just curious how you guys are analyzing your rental property investments, specifically with regard to investing in existing properties in the form of additions and other improvements that increase monthly cash flow.Do you focus more on monthly cash flow?