I’ll be honest…I barely knew the difference between a Philips and flathead when I started.

@Jonathan Greer if you are worried about asbestos you need a respirator with pink filters.

@Rachid B.  Are

But, with the current rental rates, I would barely scrape $20/month.

It would pass the test (barely), if you could buy it for $700K.But.....BUT! 

Inspections revealed that this "Move in Ready" home that only needed cosmetic work (as described to me by the listing agent) actually has a roof that is barely hanging in there, a chimney that's nearly about to fall, and I need to replace 4 boilers.

The problem I run into is that I am just a beginner and I am barely going to start real estate school.

For example, if you're building a kitchen where there wasn't one before at a bare minimum it will take you $10,000.

So I had to hire an additional person just to do translation.Once he got inside, it was about a 9/10 in severity.I will let the photos speak for themselves.Not only was the property in disrepair but there was a meter high sea of rubbish.The whole property had to be stripped and the plumbing and electrical redone.Let’s just say it was an arduous process trying to project manage a remodel from overseas with a contractor I could barely communicate with.I ended up parting ways with the contractor when the house was 90% done because his hours were becoming less and less yet his weekly pay was remaining the same amount.I then found an amazing contractor who I am way happier with now and I wish I’d worked with him from the beginning.I have just finished the house and rented it for $1100.

We are using Pink Realty as a management service.