There is more maintenance cost when they are small keeping the grass down.  

I cook my own food, can I bill myself for that and write off all my food costs? 

As someone else mentioned, insurance here is generally less costly than in Florida and other beach markets. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

You could convert them to a DSCR loan but then transfer them to a LLCWhat we have done is save for down payments and renovation costs, - buy properties that need work rehab them and then refinance them out making sure it meets our dti.

Sometimes the closing costs from the auction are HIGHER than expected.

You have to include the cost of your time and the work, especially on a "scary house" is daunting indeed. 

funding land flippers as a capital partner is my latest thing.. since finding lenders for land is very difficult. continue to fund small developers soft costs for % ownership.and continue to be capital partner for flippers and BRRR folks

@Cameron Porter ultimately the most important part is the ARV, inclusive of the expected rehab costs.

.$8,000 would likely go away in closing costs.