The front/back yards could use some lawn care.The sellers are wholesalers who just picked up the place before it was sold due to delinquent taxes. 

Have him mow lawns in your neighborhood - that's how to get started in property management....  

Billy Borrower makes $2,000 extra cash a month mowing lawns.  

You have a laundry room, so most probably there is a house meter and a house hot water heater.What about lawn care and (if necessary) snow removal?

I've had to mow yards for tenants before because they weren't keeping it up to code and the city charges $184 plus 18% interest per cut, most expensive lawn service in town which is immediately recorded as a lien.

(I could post this in the "Marketplace" if I was advertising it, but I just want opinions on the deal itself.)3 bedroom, 1 bathroom single-familyList price $49,9001 car attached garageCurrently rented at $900/monthTenants have been there about 6 years, not on Section 8Tenants love the house and want to stay; pay utilities and lawn care.House was originally from 1950 but was moved to its present location about 7 years ago.

My take is that it really depends on you business model and time frame (flip or buy and hold etc) You can make REAL money even in ARTIFICIAL recoveries.

Note you may want to save for a higher reserves fund.Common Utilities - Looks like your doing this already by hardening your rentals.One of my biggest bangs for the buck has been removal of all outside water bibs/faucets ;) no need to have tenants washing all their cars or watering the lawn.

We could then move into a second place next year and be totally within the law. Ned

Orlando lives in the next building he has a lawn mower he comes mow the lawn here.