It's that simple.Doesn't hurt to have real hardwood floors and A/C as well.

My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects. 

this works well if the tenant is a national user or multi unit operator who has built these buildings many times. 

American Banks (like BofA and Wells) actually did lend in CR pre-2008 but that possibility disappeared after the crash.

There is a ton of info on this site, as well as a meet up that others have mentioned.  

If it sold for $120K in 2007  , and your rent is $2000 a month , the landlord is probably cash flowing rather well .   

Consider cash flow as being necessary to cover operational expenses, maintain healthy reserves so you sleep well at night and help secure the most favorable debt. 

Hi Ella, welcome aboard,Your post about your real estate ambitions, encompassing the purchase, renovation, and sale of properties, as well as the ownership of Airbnb rentals, is indeed an exciting endeavor.

There are many other options as well including some that are included in property management software products. 

I have a few areas in mind that would appreciate nicely as well in the Phoenix/Scottsdale/Tempe areas.