I plan to add a paragraph that allows me to come in annually and perform sample dust swipes on flooring prior to the City's testing and pest infestation checks prior to HUD inspections.  

We had a situation where a property across the alley had an infestation.

You will simply make more money investing down south than you will in the Poconos, and I haven’t had to deal with the kind of issues that my friends deal with in the meth-infested Poconos

They bring in their garbage, break something, and you have to get it cleaned up and repaired.Homeless dragging bed bug infested mattress from where someone dumped it nearby, to sleep next to your building. 

The place was roach infested.

House hack this property for a minimum of 1 year to satisfy VA loan requirement.Rental income from the the 3 bedrooms: ~$2,250 ($750/room includes all utilities; potential for an extra $25 for a garage spot)While house hacking, save up a down payment to purchase a similar property using an FHA loan.ExpensesMortgage: ~2,400Utilities: ~150CapEx: 100 (Roof was done in 2012, water heater may last a few more years and is covered by warranty for first 13 months)Maintenance: 100Total: 2,750Current expenses from renting: ~1500Out of pocket: 500 (equaling 1000 saved per month)Home Inspection Call Outs-Main electrical panel does not have main disconnect (national violation) + exposed wiring in garage-Non fire rated plumbing going through garage firewall for laundry hook ups-Flat spot on roof that shows signs of standing water-Entry way is a trip hazard (hard to explain but will post picture below)-Possible rodent infestation in attic-Windows in 2 bedrooms violate fire egress code (sill is 4 feet high)-Closet doors in 2 bedrooms are oversized preventing full access (again hard to explain but will post picture below)-Backyard sliding door doesn't lock-1 bathroom shower diverter valve doesn't work (pretty cheap fix)-Attic insulation insufficientRepairs/Changes right away that I feel are necessary to make rent ready-Electrical Panel and exposed wiring-Closet Doors-Backyard sliding door-Rodents-Shared bathroom vanity to allow storage (currently a pedestal sink)-Master bathroom shower (for personal comfort.

I didn't come from much: I grew up in gang and drug infested south central Los Angeles in the 80's. 

This house could have a pest infestation.

If accidentally having to pay $500 in closing costs again is your definition of getting screwed, I'd hate to be around when you get surprised by a bedbug infestation, a $10k sewer line replacement, or someone intentionally burning down the rehab you just finished.That's just a small sample of my last 12 months rehabbing.

People who live in filth and live in cockroach infested homes.