I'm talking to one owner who has freely admitted to allowing tenants to make modifications to the property (some sound large, like a partial bathroom addition/remodel).

The kitchen cabinets are solid and functional for a rental, but for resale I'd probably remodel (depending on my target buyer).

. - so central heat and air.For reference, i have a 3 bed 2 bath bungalow in North East Los Angeles that i'm about to finish remodeling, and am now contemplating new central air in.

I located a house that is in a great area and a nice neighborhood where the house next to, and around are fresh and remodeled.

For $5k/unit, we were able to put all new tile flooring in each unit, do complete kitchen and bath remodels including adding dishwasher, garbage disposal, new sinks and toilets, back splashes, tiled showers, and more.

Do you know about the process of remodeling?

I don't know rehab costs in your part of MD, here in the Northeast you can barely remodel a bathroom for that.

Hired contractors to remodel the basement and fix many other issues this old building has, including a slightly tilted front porch due to the expansive soil in the foundation.

Jason, your logic seems to be right on but investing that far from home seems a bit risky.If I were you I'd put a little bit more down and invest locally or with a professional company that handles all of that.The company I work with has a lot of people come through as first time investors and we have remodeled properties with tenants already in them paying rent.

But in that 30 years you've paid a bunch of interest, taxes, insurance and no doubt done a bunch of remodeling and maintenance.