@Randy E., so far I'm only collecting one month's rent as a security deposit but when I did the research, I remember I could collect more.  

Then most recently in Jan. 2018, I dove into E-myth Revisted, (of course) Ultimate Guide for beginners from BP, The Richest Man in Babylon and the Millionaire Real Estate Investor.

@Jay Hinrichs Thanks for your offline back and forth on this topic... you rock sir. your welcome this scam has been going on for years and years.. its just more prevalent now with the faceless interaction we get on the internet and e mails.. enabling folks to get scammed much eaiser..

@Bob E., That would be a good option if I did own it free and clear, but I do not unfortunately...

Of ads with no ph#, just anonymous reply e-mails.

Personally I only look at aviation stuff on U tube .. and that's rarely.. and don't use snap whatever that is insta grammer and or tweeting.. none of that for me.. just e mail  scanner  printer that's all in need to take care of my business needs.. :)  I did like facebook though to catch up on old high school friends and i enjoy when my kids and grand-kids post pictures of them on trips etc..

What is the e value of the property today, how much equity do you have in it and what is the market rent you anticipate for the unit.Suggesting you will have $350 cash flow is not relevant without providing all th efinancials.

Originally posted by @Bob E.

Historic properties should be avoided due to the e extremely restrictive regulations that will drive up any renovation costs.

Thanks @Bob E.