Yes, it can help people leave their W2 with adequate scale, but it simply replaces one job with another. 

Under property management costs, usually just the standard 10% of monthly rent is often referenced but the lease renewal costs & tenant replacements costs are not mentioned quite as often.

I currently have 2 single family rentals but am looking to delve in to fix and flipping as a way to supplement or hopefully replace my W2 income. 

After the current tenants move out, I need to replace the carpet and pad. 

Please find someone to replace themGino

Turnkey properties, which require minimal immediate work, enable you to start generating rental income right away.Remember, no amount of education can replace the lessons learned through actual experience.

You are required by law to find a replacement tenant as quickly as possible and then refund any unused rent income.

Over time as rental income replaces earned w2 income, if one spouse quits their W-2 job to focus on real estate, that spouse could qualify as a real estate professional, allowing you to use real estate losses to offset the other spouse’s W-2 income.

On a 1960s building we always replace all galvanized plumbing during the initial rehab, that''s not even a question. 

Similarly for the master bathroom, I want to only replace the existing vanity with a new one, keeping the current light yellow tiles.