My Dad likes to buy these types of properties and turn them into rentals to collect the extra cash flow from the non-conforming units ... double bonus if it is in an area with college rentals (that tend to rent by the room) or airbnb.

You can get the bonus round if you would ask them if they would pay X for a property with Y configuration in Z area.

Hat could be a great added bonus for full pro account members who request and become "certified.

But aside from the bonus in cash flow that it will bring, I was curious to if the repairs and roof done to the garage will in fact add value to the property at all!?

If you added my Total income, my bonuses, and the ESOP it wouldnt come to $40,000.

If it's a new investment in a new area, then having a PM already in place is a bonus (again, a good PM company).I have a few older homes and haven't had any issues.

I don't have late fees I have an early pay bonus.   

Your not going to have much luck forcing tenant to have internet..The cost of the service is a expense you can deduct from your taxes.. it outweighs the cost of water and if there a way possible to add the connection to the apartment it's a bonus for your tenant,, and cost could be rolled over into rent.. 

1) I'm looking to have ideally 80K annually but 100K-120K would be bonus points.2) I expect to live to about 80, at least based on how long my father has been alive.3) I don't mind being hands on.

What you could do is, if everyone meet deadlines, meet man-hour limits, then if ever it's better, structure a pay bonus.