@Michael I certainly understand that a 30 year pro forma is just a guess and put little weight into property value or rental income in 2040; however, I am curious about the year one pro forma and wanting to make sure that I have positive cash flow out of the gate.

Keep that in mind, these people have been conditioned to use there head as a neck weight.

It's more straight forward to replace faucets, sinks, light fixtures, etc, all of which can typically be done without a permit.Only homeowners working on their own owner-occupied home are excepted from the requirement that a permit be pulled by a licensed builder - but even then the homeowner *does* have to pull the required permit.

Regular inspections for any signs of wear, cracks, or water damage are advisable to maintain the facade's integrity.Parking and Access: The covered parking area is a significant advantage for tenants, but ensures the area is well-lit and secure to prevent any potential safety issues.Interior Features:Layout: The open floor plan with large windows ensures ample natural light, which is appealing to tenants.

If property needs a light rehab, fix & flip loan will be a good way to acquire this property since the loan minimum is also 50k.  

@Matthew C DominyI tend to see everything in the best of light so you shouldn't worry about that.

If they were light smokers, you may be able to wipe everything down, clean the carpet, and run an ozone machine for a day or two and remove the odor.

I’m willing to bet you went “heavy” on wholesale / flipping / marketing education and very light or not at all on real estate principles, real estate finance, and real estate law.  

Look at the outdoor lighting count the number of lights.

I’m at lunch at work and my wife is getting out of a yoga class and I call her and she’s like, “I have no idea what’s going on.”We’re trying to interpret the pictures and some of these are just like a picture of the microwave, a laptop on the floor, a vanity light with one bulb out.