Who doesn’t love a good renovation? There’s an unparalleled pleasure in watching something old and beaten down get a second life, often with relatively simple fixes such as new wood and fresh paint.

Kayli Angeleaux bought a home via Cheap Old Houses, an Instagram account with 2 million followers. She's embarking on a restoration of the property that will cost almost as much as the house.

Affordable homes are often overlooked, but some can serve as valuable first steps into real estate investing. This video explores how lower-priced houses may offer long-term potential through ...