All I needed to do was clean out all the junk in the home, put new carpet in upstairs and repaint a couple walls.

@Jaron Walling look.

The walls are pretty thin so I’m not sure if there is much room to bring that up to 7 feet but I’ll look into that in the future.

This is the fundamental problem I have with Wall Street who takes too much fees off the hard-working efforts of the middle class. 

My strategy would be to buy a SFR and put up a wall somewhere in the house to create two separate units.

I would also paint the kitchen walls in a neutral color and paint the wood paneling white. 

A tenant contacted me because she thinks she hears rats in the walls.

Carpet, walls, doors, paint etc.

If you don’t mind sharing walls, I’d recommend buying a 2-4 unit building and living in one unit while renting out the others.

The house was built in 1938, it's a craftsman style home, original hardwood flooring in good shape, original windows but it very good shape, the walls and ceiling had been filled with blown insulation, had a new roof installed in 2017, and the sellers were willing to pay 5k to have the house painted to the color of your choice.