I'm reading a book now where the author purchased hundreds per year putting minimal amounts down, that doesn't work anymore.

Yes, you will have to caulk in some places especially around the tub/wall), but it will be very minimal to what a five-piece surround takes.I recommend only two-piece surrounds in full gut rehabs.

Board games can be worth it, but I'd keep it minimal - maybe 2-3 family-friendly classics.

I usually tell my clients that you should expect that you have to refi at MINIMUM, 1 year after initial purchase to minimize the Appraiser risk.

My gross income is a bit less than $7k (and I'm renting near top of market rates) with minimal repairs ($2k/y), but...1.

If you have clear expectations, you can minimize the chances of going through a dispute.

Cash invested: $80,000 Acquired this property Sub-to as a quick flip with minimal repairs required.

This approach ensured minimal holding costs and a faster return on investment.

Combining these two minimizes the impact of financing on your Net revenue. 

Each has their own priorities and they are often diametrically opposed:•Owners want to maximize rental income while minimizing expenses.