I agree with you and it is refreshing to have a very simple outlook that for me could work.

As a newbie its refreshing to hear someone who cuts through all the fluff out there to be realistic about getting started.

If the listing is still active I go in and refresh the seller agent’s mind about my low ball offer.

Going to do some light renovations, refresh and update, and post for rent.

To refresh your memory on the condition of the unit when you moved in, refer to the Landlord/Tenant Checklist you signed at the beginning of your tenancy.

It's refreshing to see someone who's actually thought things through! 

Luckily for the main unit we just needed to open up a wall and refresh the kitchen with pain cabinets.

Wanted refresh this and see if you could report your decision?  

Vacancy to include unit refresh time, finding tenant (including credit/back ground checks, and waiting for tenant notice period with current LL) will be at least 5% (possibly less if you were large enough to have employees already available to do the work but that is not the case with 1 unit), HOA 4%, maintenance/cap ex 10% ($450/month on a house of your size.  

My reasoning is that the due diligence steps are the same and I can use these "dud deals" as a way to refresh my thinking and get my head straight so that when a more solid deal comes along, my mind will be right.