Much more typical is the guy described above.Investing in cheap properties can be lucrative, but it involves finding viable houses on the fringes of promising areas, getting them cheap, and probably putting a lot of sweat equity into them, maybe self-managing, etc.

That being said, if you live anywhere near a city or in townhouses, vermin of some sort are typically bound to happen.

I would highly suggest using a protest company, they typically get paid 40-50% of the taxes they save you.

Typically lender will require property to debt service 1.2/1 - meaning if the mortgage payment including taxes and insurance is $1,000, monthly rents must be at least $1200.

Average total household income in my capital city (Melbourne) is $80k AUD ($57k USD ), a typical 3 bedroom family home 40km (25Mile) from the city is $500k AUD ($355k USD).

Second, my initial contact with roofstock account executive lead me to believe I'm only responsible for the @ turn capexThose are typically the items the inspector is recommending be addressed immediately vs. at turnover. 

Even if the inside of the units have been updated, how many other headaches do you typically see?

We need advice on prepping the bare surface so the paint will adhere and not just peel away like we are seeing with the current finish.

The joists in my house are 4' apart so you typical wood you'd pick up today would never span that distance but older wood can.

They typically go together stocks go up RE goes us.