: Buyer demand is way down making it super important to pick an A+ location and as stated above, don't skimp on interior design.💡 Tips for working with contractors and keeping projects on schedule?

I know its not a huge spread but like I said I wanted to try something new.Hey Jonah, Congrats on a good deal, to only need a few cosmetic touches and to get that nice little bounce in value is awesome.And 7% is probably a pretty solid estimate (usually based on FICO) but I think the important question that you are asking is what is your long term strategy with it?

It is important to note, people would rather rent a cleaner, and newer home, than a "larger."

@Derrick Roland II Let's see, traffic noise, challenges backing out of your driveway, have to keep kids in backyard and off front sidewalks, big trucks passing by will shake the whole place, can't think of anything positive.All the negatives will reduce your max rent and make it harder/longer to find tenants.What's more important is understanding if the Neighborhood is Class C or D.

If having a lower monthly payment is more important to you than getting as much equity (money) out of the property as you can, then borrow less.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

It's too important of an issue :-) No worries. 

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Verifying last 2 years of rental history very important!

And more importantly did you disclose ahead of time to the applicants there is a charge?