Are you still generating positive wealth when you count equity paydown by the tenants? 

Initially with the 3 rents it looks like it would be a go for me.

Hi @Briley Roe,Is this the loan estimate or initial closing disclosure? 

Purchased for $139,999 using a mix of cash and hard money, we revamped it with modern updates, including a new kitchen, flooring, and fresh paint.The property rented for three years, generating steady cash flow of $450/month.

If you are searching for offmarket, you can network with local wholesalers, and also use something like dealmachine to generate leads.

@Sean Gallagher - My initial reaction is that if you're thinking about a property manager to help oversee the daily operations you're probably at a point where you need to get one.

It seems to me that any addendum signed later after the initial lease may create a messy situation. 

Typically, the initial upfront for the rehab is either cash or a high interest loan (hard money or private). 

We did get much lower costs when we changed to minisplits but the initial cost is high.

The initial numbers seem good to me.