Maybe add some nicer flooring in some areas and clean up landscaping.

Rental Monthly Income $4,800.00 (8 rooms x 600) ------- 4800 x 12 = $57,600.00 Monthly Gross Operation Expenses Mortgage950.00 Taxes191.00 Insurance 166.00 Maintenance Housekeeping 216.00 Landscaping 60.00 Repairs 10% - 480.00 Operational Electrical 350.00 Water 150.00 Cable/Internet 150.00 Reserves 10% - 480.00 Total - $3,193.00 Annual Gross Operation Expenses Mortgage11,400.00 Taxes2,292.00 Insurance 1,992.00 Maintenance Housekeeping 2592.00 Landscaping 720.00 Repairs 10% - 5,760.00 Operational Electrical 4,200.00 Water 1,800.00 Cable/Internet 1,800.00 Reserves 10% - 5,760.00 Total - $38,316.00 57,600.00-38,316.00______________NOI $19,284.00 19284.00/46,000.00 (down payment) = 41% Cash on Cash Return (CCR)

I also reviewed the photos and I wasn't sure the cap ex included landscaping etc..

If you feel like getting creative, I would love to trade some labor (drive for dollars, fill out/deliver marketing materials, clean and landscape, any other chores you'd rather someone else handle) for reduced rent.Thanks everyone, looking forward to getting out and getting involved.Ryan

About the only thing left that could be done is some landscaping and building a carport or garage to add value.  

The neighbrhood is a historically Italian community of SFH, and without being overly stereotypical, the lawns are all mowed, there are gardens and window boxes and American flags on every little house - pride of ownership.

I am looking at a SFH with bamboo landscaping in the backyard.

Some areas you can concentrate your efforts in are 1) Ruskin - New amazon warehouse employing several hundreds of people here2) Lithia / Fishhawk area - Great schools but beware of high CDD + HOA + Property taxes that'll eat into your COC return3) Winter Garden - Booming market in orange county, has a new hospital and several new business coming up.  

Are you including cleaning of common area, repairs, pest control, and landscaping under maintenance?

I see you are in Winter Garden.