The numbers I'm pulling are north of $3000/month which would equate in solid cash on cash, and cash flow with 25% down on $489k property.This home was built in 1925 but very updated across the board from interior, exterior and major things like new roof in 2012, new AC in 2015, and new plumbing / electrical in 2017 - BUT, this was built in 1925 and still at the back of my head.

@Eugene RabinovichHouses in obvious disrepair - i.e. tarps on roof, window units, overgrown yards, wood rot on exterior, etc.

It is technically a single family home but built in a unique way to where 3 sections of the house have there own exterior entrance, kitchen, private bathroom/bedrooms.

Mine includes roof, floors, hvac, appliances, hot water heater, exterior painting, etc. 

I would be ready to have supporting data as to the necessity of them and be sure to include exterior cameras as well, not only in the common drive/entry area, but along the rear permeameter as well- otherwise it seems as if spying on the interior might be miscommunicated as the goal, and if truly for security, you would be covering all points of entry without exterior cameras along all exterior walls. 

The pros of condo rentals is that you don't have to handle/pay for exterior maintenance or lawn care (outside of your dues). 

The Mills act provides us large property tax rebates as long as we continue to upkeep and preserve the exterior and look of the property from the street.

The Mills act provides us large property tax rebates as long as we continue to upkeep and preserve the exterior and look of the property from the street.

Brick and vinyl siding exterior with a steel roof.

It needs about $20K (mainly painting or siding the exterior) to bring to a market-ready place for selling it.