What I'm thinking so far is, ill need an appraisal, an inspection, a walk through of all of the units, checking all the leases, and the tax records to see if they match what I've been given already.

@Robert S.I didn’t read your second paragraph yet and about jumped down your throat because wires and breakers must match.

You can get touch up pens that color match for the larger scratches, and that is exactly what I plan to do to extend the life of the flooring. 

That still doesn't mean everyone can match his success.A property manager is not always necessary.

If you were to keep the townhome, to match the $4,500 positive cash flow you'd have to get $6,500/month in appreciation.

If your wanting to Leverage your money, play Monopoly, Hold these properties for a few years until the equity and your down payment matches that down payment needed for a bigger investment you know single family home exchange for a duplex or quad, then hold these for a few more years improve your position on them and then once your equity matches that of an even bigger investment exchange them into a 20 unit etc.. rinse and repeat.

In our own homes, we would paint the entire wall to make sure we get a good match, on a rental "touch-up" and a job like this - we might end up with "blotchy-looking" sections. 

So it is growing but they can build new stock anytime to match.

So just want to make sure you buy and rehab low enough to match the comps.

I also saw that she was busy hiring her family members to do work at the property (Trust me when I say that friends and family DO NOT match with running a great business/property).Having learned from previous experience I knew that I had to take action.