I'm selective on deals, and all of these are running at 8-10% cap rates.I'm cashflowing nicely, but have run out of dry powder.

@Tim Chen I'm keeping my powder dry. 

I got two quotes for renovations, and I'm going to go with Finishing Touches.The renovations are going to cost ~30k, and include a new roof, upgraded electrical system, adding a shower to the master powder room (which requires some reconfiguration to the room next door), new counters, paint, flooring throughout.   

If you do the rental will you have enough dry powder for the next deal you want to do?  

I have been approached by this type of person over the years.if you have powder to transact you may be able to do this.. if you don't then pretty hard to assemble a team to go buy one house... not worth the time or effort.Rich dad is just entertainment its not reality in the real world of real estate investing.

I know a few bigger players were this is working but they are working with hedge fund type money 5 to 20 million.. and have the powder and ability to scout the VERY best deals.. most folks simply can't do that .. if they are starting out.

The main floor has a powder room for guests.

Might be time to keep the powder dry.

PVC frames will be cheaper but powder coated aluminum will last longer and don't warp. 

Since it came from more than one person, I wanted to address it and spent 2 weeks cleaning it - disassembling the front door of the oven, cleaning the glass surface and putting it back, cleaning the oven rack, cleaning the stovetop with bleaching powder, soap, blade.