The cash flow improves quickly, but the cash flow is so negative on retail purchases that it will take years to reach cash neutral.  

But around here some of the screening services that claim to do background checks do a lousy job of it.

Repairing/improving to sell.

It turned out that Lee Arnold is an ordained minister, so on Sunday morning of the 3-day seminar in Austin, he held a church service and preached a very convincing sermon.

I would use the income to slowly improve the house and once you get it to a good spot, HELOC out some money for a down payment on another place rinse and repeat. 

All your properties may be perfect but if you are transparent about why something is not in service, it makes sense, and they agree it works just fine for long-term rentals.

•Exterior: Landscaping improvements, including tree trimming and shrub removal.

Do you provide move in and move out reports How many pictures do you take of the property prior to tenant moves in and after the tenant moves outDo you get weekly reports when the property is vacant what prospective tenants are saying about your homeDo you provide monthly newsletters to your tenantsDo you hold investor education classes to help me become a better investorDo you have single point portfolio based management services?

The problem is these homes are 60-120 years old and because of the low value neighborhoods, nobody has ever made any capital improvements beyond duct tape.

@Gary FloringWhy not simply use that $1000/mth to prepay the principal on the mortgage, rather than use a portion of it to service additional interest on an LoC?