So can I assume you are wishing to replace your $5k mo income with income from property(s) ?

Anything above that needs to be justified - roof replacement, parking lot repaving, etc. 

This gets rid of the old mortgage payment and replaces it with a very low monthly payment, reducing your DTI.Simultaneously, we close the new mortgage on your new home.

I have replaced many septic systems in my younger years .

@Kenton Guidry   Hi Kenton,  I have had replacement windows installed at my primary residence as well as at one of my rentals. 

All the doors and windows need to be replaced.

But google says, probably ought to replace.   

And if the home is on septic, get that inspected too.Fully furnished: Most of the time that means you've a few things worth using, perhaps bed frames and such, but still a ton to replace.

The main house is completed and as far as labor, I spent $40,000 on just labor and that includes everything from full gut demo to finishes.We are talking about a 4BD, 3BTH two story 2400 ft.² home with a bonus room.This was a full gut job, replaced…12 Windows (new construction)2 sliding doorsTook out all carpet throughout.Took out this ugly 2” thick tile from half of the downstairs portion.Removed popcorn throughout the entire houseTook one wall downA little framing workReplaced entry door 80” x 92”Drywall patchingSmooth drywall work50 recessed lightingAll electrical neededAll plumbing neededNew cement walkway instead of one walk to the front door I created two steps with two lights in each step.Install kitchen cabinets, excluding countertopInstall all three vanities3 bathtubs with one being a modern standalone tub in the masterAll tile work (bathroom wall & floor, kitchen backsplash)Installing of all hardware, faucets, showerheads, etcInstalled 8 single panel doors with hardwareAdding self-leveler after tearing out that thick tileNew LVP flooring throughout the entire house except bathrooms,all baseboards, trimsPainting the entire house, painting all the doors, painting the outside trim.Reframing the outside balconyReframing the fireplace to install new linear modern electrical fireplaceand they took care of the two trash bins.I mean, completely redone.The only thing that was not included in the $40,000 is landscaping, counter top cut and install and of course the ADU which I’m currently working on now.So my question for my fellow investors and contractors did I pay too much?

My differing advice/thought is if you plan on being a doctor for most of your life, and your goal isn't to replace your income with real estate in the next couple of decades, sacrifice "projected returns" and do your homework on the risk for any deals you evaluate.