I found out that tile work is enjoyable for me, I also found out fixing mistakes is an awesome feeling.So at the end of the day if you can live in a property and fix it up there are ways to make it work and turn a profit but if you make a mistake along the way no money in world can pay for the knowledge you will acquire fixing your mistakes.Also in addition to my experience I am happy I did it this way because there was far less pressure on me to get things done.

DJ,In any investment scenario, whether for buy and hold or flip, we always put in a drain tile system with a battery backup.  

As far as purchase price, rent, area, rehab etcIts in the Midwest.Its in a very landlord friendly stateNew roof, updated electrical, plumbing, and HVAC4 bedrooms 2 baths New 10 mil laminate flooring both bathrooms are full tile on floors and showers, all new fixturesnew kitchen cabinets, appliances, backsplash and granitefenced in backyardarea sales for this kind of house are 135k to 145k in the past 6 months in same neighborhoodPurchase Price 129kRents would be 1,100 to 1,200 a monthProperty Tax: 690 a yearAppreciation would be minute at best as it is the Midwest no ups and no downs just steady. 

Wait...so you're going to leave a black sink, black stove and stainless microwave/fridge along with that God awful tile in the kitchen?  

Or just the difference that I was shorted in rent and the cost to have the carpets and tiles professionally cleaned due to the pet mess.Thanks for your advice!

Bad paint, bad tile, grout chipping out of brand new tile, ugly drywall repairs, and just basically no attention to detail.  

I just used it to level the floor of a bathroom before tiling.

I purchased from Tampa Tile and I was real happy with them. 

I find him just walking around the upstairs staring at the tile in the bathrooms and he asks what type of tile is this?

The best one we saw was a duplex for sale boasting a NEW ROOF where they literally dropped the majority of the old roof tile into the attic & left it there!!!