I would much rather have rentals outside of an HOA, as these add additional costs and limit your flexibility with the property (have to send any exterior decisions to a committee, sometimes cannot rent OR can have ability to rent revoked by committee vote).Aside from that, the main things I see are 40K for 1 property grossing $675/mo or 2 properties for 45K grossing $1000/mo.

They take care of all the outside, including landscaping and exterior painting.

I built one more building of four designed the same way but the final 20 units I changed floor layout but kept the exterior the same selling these for 225,000.

I imagine maintenance costs would be higher - shorter roof, exterior paint life, etc.

Usually I just go by the exterior condition and assume the same for the interior.

I sent out 16,000 postcards, had a ton of WE BUY HOUSES signs made up, car magnets, answering service, had somebody build me a website ($800 at the time!!)

To improve the thermal efficiency of the dwelling, the following are required:a) Weatherstrip all doors and windows to reduce infiltration of air when existing weatherstripping is inadequate or nonexistent.b) Caulk or seal all openings, cracks or joints in the building envelope to reduce air infiltration. c) Insulate all openings in exterior walls where the cavity has been exposed as a result of the rehabilitation.

Another gold star.Now, my goals for April:Get 3 more units rented (I only have 4 vacant now).Paint at least three exterior walls of the pink elephant (my new pink apartment building).

I forgot to add that you should make sure you use original kilz, not the water-base or the interior/exterior brand.

(The basement isn't accessible from inside the house, it has it's own exterior garage door and the tenant had it locked.)