A good company in a strong market should be able to offer inventory with safe and consistent returns.

Don't forget reserves, you should have about 50k on day one just to be safe.

I'd remove the stove or the flue, just to be safe, for both the house, and the tenant.

Also, to be safe, you should consult with an attorney familiar with RE laws to make sure you do your deals legally and that your protected.  

The conversation about leverage shouldn't be brushed over.Positively leveraging an asset is much different than negatively leveraging that asset.Also, you need to factor in how much leverage you have with respect to how big your reserves are.Being 52 means you're half way home, I doesn't mean you're close to retirement.... or that you need to play it safe.

Always better to be safe rather that sorry, never presume.

I'd safely rule out item #3 because you leave whatever equity in the property and this takes the longest time to refresh your cash/credit pool.

They'll give you a sense of what Cap Rates different property classes are getting in your area.As far as property classes, here's how I think about it:A class: White collar/upper-upper middle class, higher-end finishes, very safe neighborhoods, good schools.

While the end target result is primarily the same for landlords (maximize rent, reduce expenses, asset appreciation, providing safe & affordable housing, etc.), the PM's have either zealously or begrudgingly had to incorporate new mediums and technologies in order to survive and thrive in this industry.  

I felt safe listing it at $1275.