Enter seller's agent to sugar coat things and sell investments that are more like an anchor for a capital starved young investor.  

All told our mortgage, tax, and insurance payments come out to about $750 and if all units were rented out we would pull about $2000 a month.As it stands now we have one unit rented and our roommate pays us $300 a month, so we still cover the mortgage even with 50% occupancy.The house definitely needed some TLC when we closed.It was pretty much trashed, but the previous owners left a consolation prize of steaks and a case of beer in the fridge.The cleaning was a process by itself that included the excavation of about 3000 lady bug carcasses.We also gave the house a fresh coat of interior pain, re-plastered the ceilings, ripped out the old carpet and revived the original hardwood floors, fixed the roof, installed fans and a washer dryer set, and replaced several broken window panes.

Yet, when you get into different stages, like when the inevitable cloud of dust is constantly coating everything you own, including the bedsheets you sleep on that you just washed the night before (for the fourth time in 2 weeks because its so damn dusty in there!)

A few years & a few coats of white paint will bring them into line!

There are definitely a lot more multiplexes available south of Shaw than there are north of Shaw - so there are plenty of opportunities to find deals - it also depends on where you are willing to invest - some investors stay away from areas south of shields, but for those with a little thicker skin - there can be some good money to be made - as was stated earlier - getting your rent on time every month from Section 8 can turn out to be a lucrative proposition.  

With two coats, the coverage is great and I'm very pleased with the results.

Also, the basement floor (concrete) has slight slopes to them near areas where there are drains in the basement floor, is there anyway to even these out with thin layers of concrete or will that have to be dug and filled with thicker layers of concrete?

A roofer will come out soon to give me an estimate on both a composition shingle and a stone coated steel roof.

I've painted paneling that need one coat of primer then one coat of paint and I've done other paneling that needed 3-4 coats in all.In our area it's usually not just drywall under it, it's usually plaster and lath and if you pull it off you will probably find an area of the wall that the plaster is falling apart and the paneling was slapped up to cover it up.

I looked this morning at a 3/2, built in 2005, that rents for 8-850, needs just a coat of paint inside, listed for 65k, and I decided while it was an ok deal my cap rate, cashflow, and COC are all better on the few duplexes I'm considering.