It’s a townhouse 3-lvl, 1st lvl walk in so the entire lower level is concrete heated space.

What I've found helpful (even at this small level) is to at least have a separate checking account you run all your payments and expenses through.

Home ownership really is a learning experience and I want to take it to the next level. I

The lower risk the property the lower risk the tenant so I created The Ultimate Guide to Grading Cleveland Neighborhoods to help investors determine what risk level is associated with each property they are looking into to allow them to gather a bit more of an estimation on tenant behavior and subsequent costs the rely upon it.As for large Cap Ex items here are a few things to note that should help you out.Water tanks are going to cost roughly $1,000 to replace and will last around 15 years.Furnaces are going to cost roughly $3,000 to replace and will last around 30 years.A roof on a 1,200 sq ft bungalow is going to cost around $5,000 to replace and will last around 30 years.

We do a nice job renovating them, but they're not at the level I would want to live in.  

The bottom two levels are Ohana units rented full-time to local residents and the top level is a fully remodeled 5 bedroom 2 bath AirBnB.

Its hard to say what is the right thing to do when we haven't seen more of the house when the upper level is open to below.

Others love the area but don't pass the credit level I set (D). 

Here's the facts on the property:Appraised at 188k (SFH 2000 sq ft 2 level)I did a refi, refinancing 146kMortgage with taxes and insurance about 860/mo not including 65/mo HOASpent about 1500 to clean, do carpets, repaint were neededHouse is listed for rent at 1250 (dropped from 1275), has been on the market 19 dayspaid October mortgageUsing a worksheet from a textbook I read, I'm hovering around %80/mo cash flow after icludng all costs from the mortgage, insurance, tax, property mgt, reserves etc. 

It would all be on teh same level. I