Jim has some of the best terminology in his answer. However, in truth - your question is so vague he had to throw all that "jargon" at you.
I will tell you one word & it applies to all investment protocol (once you prioritize): DIVERSIFY
What makes an investment here really good is for every additional dollar you spend to renovate, you can immediately depreciate 50% of this renovation monies in the year it occurs in addition to the usual depreciation....known as GOZONE incentives.
Larsen Concepts, LLC
Las Vegas, NV
Thanks, Realtor/Investor...sharing the knowledge to empower others to be a success.
Rochester NY has caught the attention of several NYers lately.