Typically, you don't want to lose money, especially if you have a long vacancy, major repairs down the road, etc.A couple of considerations to calculate:1.

You get the cashflow without the headaches of repairs, tenants and property management.

Is item "Repairs and Maintenance Furnaces" just for the furnaces, or for ALL repairs?

Massive dehumidifiers are filling with at least 3-4 gallons of water daily - we can't rent until a slew of multi thousand dollar repairs are completed.We were told that the dehumidifiers the sellers had in the house were only used during the spring when snowmelt was very bad. 

Most experienced investors can offer sight unseen with 0 day inspection period by knowing the year of the house, square footage and if there has been any repairs done recently to the property.

So here's my question sadly the lease we had our attorney draw up doesn't state that they must call us for repairs (however they always have in the past and we have always taken care of it within a day) but it does state they can't make any improvements or changes to the property without prior approval.

I have personally never owned a condo that DIDN'T have a special assessment - which happens when there is a repair needed but not enough money to pay for it. 

Hi Yu Jin,Dayton is a step up from Toledo but also comes with a step up in price.The numbers make sense in many Ohio cities.You make money when you buy and not when you sell.So look for off market (We do a lot of direct to seller), negotiate hard, buy with cash and buy quickly.Great deals don't last so you need to know the numbers very well in your target market.I've flipped hundreds of properties in Toledo since 2014 and am glad to say that I know the market like my back pocket.All I need is the address, scope of work and how much I can buy it for.Quick access to AREIS, the MLS to run comps and "ka ching".I know if it's a deal or not.Immerse yourself in the market and become a market expert on the numbers.Nothing comes easy mate and all good things take time.If you are looking to build a rental portfolio in Ohio you have to build a big one.Buying 1 or 2 properties and expecting a significant impact to your bottom line from a net-worth or cashflow standpoint isn't worth the risk IMO.In all sub $100,000 markets, it's important to build a large portfolio as there is a high likelihood that you will have repairs and vacancy on 1 or 2 properties at any given moment.Just my opinion and all the best.

Hi  I need to make repairs between tenants. 

Tenants have kept the property in decent condition so considering that my initial strategy was to not disrupt them, maybe do a month to month lease agreement while making some repairs than execute a new lease Jan 1st with a small increase in rent.