At that time, my net worth was pretty low, and as an engineer my income wasn't substantial either so did not make more than 200k/year.

I am not providing substantial day-to-day services.

Actually people who do don't invest there, they park their (substantial amount of) money.

A “qualified rehabilitated building is any building:Before the beginning of rehabilitation was placed in service as a “building”That has been “substantially rehabilitated”That is a depreciable propertyClassified as a certified historic structureWhat expenditures are considered to be a “qualified rehabilitation expenditure”?

my main concerns are (1) this property has substantial deferred maintenance that you're not aware of, and (2) vacancy and turnover will be high, and together those factors are going to consume all of the cash flow for several years but, it sounds like if that's the case, you're going to back out. 

Hi all - wife works at Amazon and a substantial part of her income is guaranteed monthly bonuses and eventually RSUs.

Selling brings a substantial gain of around $200,000 after selling costs, freeing up cash flow and simplifying life without landlord responsibilities.

I've been asking my Denver and Colorado Springs clients during intake the same question lately: How many rental properties is enough? 

Before it was rented I added kitchen cabinets and a counter where there was none, remodeled the bathroom (not a complete makeover, but substantial), added a dishwasher and installed flooring.  

It really is not useful until you put the work in.. Taking