Next i would have to say all these older houses have lathe and plaster instead of drywall which in some respects are easy to repair in the case of smaller dings and holes but when you get whole walls that are in need of repair we found it easier after much trial and error just to tear it out and drywall it. 

What do you mean by "cash flow well" - do you have specific targets in mind?

I also think targeting new hires lets someone else do part of the screening process for you.

My opinion is that targeting the less nice neighborhoods in this market is the best way to get some nice cash flow.

We look for $140K/yr and have been on target so far.

When it got near my target price, I submitted an offer and secured the property for slightly less than my target price.

Your target cash flow number is $120k/year and you're cash flowing $4000 per month.

@Tyler Erickson No need to look at the market twice a day - get setup with a realtor who specializes in real estate investments and they can set you up for a search which will notify you of any properties come available in your target areas.If you are looking for deals on the MLS you will have to be prepared to act fast - get your pre-approval letter ready and research so you know a deal when you see it. 

We found that it is much easier to avoid charging for service pets.

They determine it was easier for long term management if they didn't have to deal with the FHA compliance.