Again, no knock on the arbitrage model in general, but if the goal is wealth creation, I’m not sure that achieves it.

I believe your stated goal will be achieved even quicker this way.ie.

Do you need to fix/replace/update anything to achieve the higher rent your hoping for?

I will not allow new paving until 95% had been achieved on the roadway shoulder and it must be 100% density in the roadway.  

More recently, though, the law’s function is to achieve a fair result when one owner has neglected or forgotten about a piece of property while another has been using or caring for it for so long that to make him or her leave would create hardship.

This would be no different than purchasing an annuity or a dividend paying investment.We specifically seek cash flow (income stream) as our rental model and to achieve that we pay for our properties in full. ie, we don't use leverage on most of them.

If possible I like to make it so that my long-term-fixed-rate debt is working for me on investment properties (like house-hacking, refinancing to pull equity out and put that into rental property investing, etc), but even if I wasn't going to "investify" my personal home I would find an alternative way to use my extra money that achieved a higher rate of return.If you invest, invest.  

Build a portfolio that explains who you are and what you are trying to achieve.

It helps mentally to reverse engineer your long term goals, that way you're able to break them down into more achievable daily actions.

During these exercises you will learn alot about yourself and the risk level and raw effort you are willing to take in order to achieve success.