Also, have you considered renting by the room to college students?

I've also since realized that I don't think my personality matches up well with the thick skin needed to be a landlord, and the deals I've found (yes, I know many can say I'm not finding good enough deals) don't have a ton of room for property management fees (or if they do, they're in areas that I would never want to have to go - and I would if something ever happened w property management). 

Someone took the little basket that holds soap and shampoo and the sign on the back of the toilet and placed them waaay in the back of the bathroom cabinet.Someone removed the tiny little LED lights I have on this 8 foot tall fake ficus in the kids bunk room and put in on the deck.

Look at the square footage, number of rooms, and the year it was built, and compare that to the asking price. 

Set up and site prep, open permits2.) demo and clean up (also electrical and plumbing demo)3.) rough carpentry, windows4.) rough plumbing, electrical5.) city inspection6.) insulation (and inspection, at least here in Wisconsin)7.) drywall, texture, primer, paint8.) cabinets and flooring9.) doors and millwork10.) flooring11.) finish electical12.) finish plumbing13.) appliances14.) punch list15.) final clean upYou can alwys tell a bad crew when they are drywalling in one room and then start demo in another.

We updated the unit cosmetically through paint and furnishings, as well as consolidated the kitchen and added more living room space.

Purchase price: $118,000 Cash invested: $30,000 This is a single family property this is rented by the room.

I work 2 (soon to be 3 jobs), live at home, attend college, have 20 grand saved up on top of stocks and an IRA.

You could promise a certain amount of closing costs then take a few grand off at closing.

For context, I live in Salem, MA and a few years ago my husband and I were looking to buy a house that was not turnkey, but also livable, that we could live in while updating, and rent on weekends (either a room or the entire home) during Salem’s busy Halloween season.