I literally have to cut and paste my ad (along with my pre-screening questions) into a response to these quasi-automated inquiries.   

The work essentially needed is:1. cut a non load bearing wall2. take out all cabinetry and old wood counter top3.

And if you listen to some $100M advice you find the reality of earning a million per year is hard work all the time, i.e. work 80 hours per week, read 10 books per month, grow your business and brand in the same industry for at least 10 years, cut spending (which you can do), etc.I've been hustling for over 25 years and have yet to come across any significant passive income streams.

Interest rates suck right now but I'm seeing properties just sitting and multiple price cuts.

Gross Income $1,900- PITI= $700 -Vacancy($100)-Management($190)-Water/Trash($60)-Capital Expenditures($150)- Repairs($100)= $100So only $100 in cashflow after all those expenses which is not ideal BUT have been cutting costs. 

As soon as your tenants shows you they are bad - CUT.

Taking applications online and screening them will cut down on the number of "lookers" you get.

We didn't qualify for the jumbo loan so the previous owner carried back 95k of the loan which we eventually moved over to a HELOC in order to cut ties with the previous owner.

If you're just starting out would you worry about this as I want to come out the gate cutting as much cost as possible.

Cut your teeth and make sure you can handle an investment before making plans to buy the next one.