If it's worth $1.3 million today, it will be worth $3 million or more in 20 years, you'll have paid off the debt (or most of it), you'll earn at least $3 million in cash flow over those 20 years, and you'll have tax benefits.

Quote from @Treza Edwards: What expenses are included in determining cash flow?

I am glad my pm does not spend more time than it is worth recovering a small expense like a toilet.  

This property was in terrible condition, however will a little vision and hard work it paid off.

Avoid common mistakes like underestimating expenses or overleveraging, and vet property managers carefully by checking reviews, references, and their management style.Good luck!

Quote from @Dylan Gomez: I inherited two homes, both were paid off one was livable, and I now live in it, the other was a rental in TERRIBLE condition.

At the expense of our original deposit, which would be like an interest free loan to them.

Same property listed water bill paid by landlord so how much does it cost to put individual meters for each property so cost can be moved to tenants? 

I am not that smart so I need people who can do this and they should be paid properly with the upside!

Paid cash for it.