Also, in these lower price points, contingent items will have a greater impact on the margins.  

If it isn’t a local code item then I’d be inclined to not worry.

Personally I would hire an onsite person for some handyman tasks but I would stay away from them handling money related items.

When they do that, they have the ability to sway from normal Fannie Mae and Freddie Mac requirements which require a certain number of years of employment and a multitude of other items. 

If you are negative $500/month just counting piti, it is my belief buying this will turn you off of RE likely at the first large cap ex item maybe at the first tenant flip.  

We watch the auctions weekly and snag up items for 5-20$ for kitchen cabinets, vanity’s, faucets, lighting and etc. we store everything in our warehouse. 

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).3) Adding an ADU is a slow process.

ANYTHING on a prospective property that has any of those items then reduces the property value.

Hi There, We have a STR in Franklin, TN(Closer to Leipers Fork) and are looking for a contractor or handyman for Maintinence items that come up.

Long story short I was at least able to defend myself, invoke the general warranty in my deed, add a claim against the attorney for malpractice... and the malpractice carrier paid the item days prior to the scheduled foreclosure.To those who like to gamble and as I say to all buyers who decline owners coverage...