Quote from @Garrett Brown: Hey @Josh Ball , this is basically what I do on the most successful properties I have ever had. www.cameronranchglamping.com It mainly depends on a few things.How close are you to a metro hub/ activities?

You basically own 3 paid for properties. 

It basically said, unless you are living in Wyoming do not use a Wyoming LLC set up.It seems the more research I do the more different answers I see.Going a little crazy over here,Rhonda

We're never going to erase class in any capitalistic system so the best you can do is put up some basic guard rails and let the market do what it does.  

@Chris KayCosmetic Updates - If you focus on flooring, paint, fixtures, and a basic kitchen and bath refresh, $50k is doable, especially in markets like Michigan.Full Kitchen and Bathroom Rehabs: Depending on finishes, these can eat up to $20k-$30k alone.

Some are basically affordable housing and some are vacation type rentals.

Right now the only utility at the garage is power so basically I am starting with a frame and a roof. 

Basically, simply looking at cash flow, is 150-300/mo a good cash flowing deal or should it be higher.

For example, in Kansas they have the 14/30 (basically you will rectify the situation in 14 days and if not you have 30 days to depart i.e. before you can file eviction).

We know many agents in our market that are really clueless beyond the basics of tenant screening. - You have no recourse against an agent or PMC once you pay them for the placement and it turns out to be a terrible tenant:(If you have the time and network and post here for assistance, it's always a good idea to learn the rental business from the "ground up".Of course, one mistake can also cost you thousands of dollars.