If all further work must be classified as either a "repair" or "improvement", then that would imply that there can indeed be "repairs" to a property that has not yet been rented in the eyes of the IRS. 

He broke it down into what most people estimate, what a handyman would estimate, what a "paper contractor" would estimate (I had never heard that term before), and what a full team contractor would estimate, and the difference was eye-opening.

She has been in the business for well over 13 years, has strong negotiation skills, and a good eye for what clients are looking for.

I've already read a couple of the books you recommended, like "Rich Dad, and Poor Dad" and currently reading "The Book on Rental Property Investing," which is incredibly eye-opening.

I would like to prioritize cashflow but I also want to avoid buying something JUST for the cashflow with no appreciation potential at all.I like both markets, but having boots on the ground that you already know and trust who can be eyes on the prize once you have it is also invaluable.

Check what you can do and how much it will cost.Building codes/covenants-some places don't allow manufactured homes.Another source for used homes is new dealers.

:Have someone you trust look it over with a skeptical eye.2.

This ensures they are keeping an eye on everything, they get to see what it's like to be a landlord, they have to take responsibility for the lawn and other maintenance, they will learn to deal with people issues, and more.

Throughout this process no matter who they are or what there issue is,  stay in touch with the seller which keeps everyone eye to eye and builds trust.

When you have a rash on your eye one morning you woke up after a night of drinking?