This affords us excellent cash flow and lower maintenance on a 3-5 year commercial lease.

Third, check your state's civil laws to determine if maintenance costs can be assigned to the debtor by the lien holder. 

Another thing I am doing right now is looking for a mentor to help with my strategy, but in the meantime I thought I'd make a post and hear what BP investors would do in my shoes.For my situation, I am 26 and I have a very low income (55-65k annual) for my household and a growing family of 5 to support.

Since I work from home I think house hacking would suit me since I can live on the property and perform some of the easier maintenance tasks myself.

I also want to say that if you’re marketing to traveling nurses, the key things they want are 1) black out curtains; 2) quiet, and 3) to bring their little doggies (so he pet-friendly.Another tip is when using Furnished Finders (which is a $99 annual fee per listing) if you have a multifamily, just get one FF account per address, and then as each unit becomes vacant, just change the pictures and listing copy.

@Guenevere F. you're going to need 20-25% down to get a mortgage.If you target $100k, that won't leave you any funds for closing cost, maintenance or emergency reserves.You could try targeting around $80k, but the $16k-$20k down payment would still not leave you with enough.If you buy under $80k, you're probably buying such a low-end property that it is unlikely to meet your performance expectations.

Log cabins take a lot of maintenance ( mainly oiling them if your in an area with high temps) I owned one at one time it was beautiful and the wood interior was very inviting.  

You left out information that maybe relevant such as taxes/insurance per year, maintenance cost anticipated per year... plus other expenses depending on rental such as management fee(if you aren't manager), advertising cost to acquire renters, etc....

From that point forward, you can expense repairs and maintenance without capitalization. 

Sometimes there’s just maintenance costs with owning rentals.