If you don't, this is an advertisement of what to avoid.

Seasoned investors have a minimum per door and that's around $150/mo now.

Plumbers typically charge $45–$200 per hour.

G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success

The only “good news” is you’re paying for last year’s shortage and thsi year’s taxes, or this year’s shortage and next year’s escrow account. 

We're trying to decide whether or not to pay it off or save to buy another property. 

That equals less than 1k per property.

Your first year will be a learning experience, you will want to be close to the action, as you may not have the capital to pay someone to handle everything.

Scroll down to page 6, Schedule L, Balance Sheet per Books.https://www.irs.gov/pub/irs-pdf/f1065.pdfLook at Lines 7a and 19a.

Based on what my real estate agent thinks that this quote will be, roughly, and the after repair value, it looks like I could buy this property in cash, spend a month or two fixing the damage, and then put a mortgage for roughly 1.6x what I paid for it and thus have a cash flowing property at a few hundred dollars per month and a little more money in my bank account ready for a down payment on the next deal.