Anyway I can remove paint without have to spend money on putting new LVP in all the rooms covering about 1000 square feet.

Let's say you split the cost of furniture over a 12 month period amortization rate.Furniture costs: $583Rent $1500Utilities $150Total Cost = $2233After vacancy costs, your monthly rental revenue is actually only $2240 Formula for vacancy (2800*12)*.80You're not making money. 

Investment Info:Single-family residence buy & hold investment.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.You need to get a firm grasp on two things: the ways to make money with real estate, and how to find deals that match your goals.P.S.

Investment Info:Condo fix & flip investment.

So think of it as the total cost of borrowing money. 

You spend a lot of time and money having people do this work, and at the end of the day you don't net any more income compared to a long term rental.

What you mentioned aligns with what I have experienced with a hard money lender a while back.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

I blindly invested in an overpriced 3BD SFH in Cahokia Heights, IL April 2024 and have been carrying costs since then!