Use caution while investing - don't expect things to go always right all the time. 

It's all in the numbers.

$10K seems like a nice, round number...Finally, if you have $250K in cash, I would not put it all into a single property / single dealHope this helps... happy to help further

All it needs now is a little TLC to bring it to life—think fresh paint, new fixtures, etc.The cabinets, floors, and walls are all in good shape, so you’ve got a solid starting point.

Looking forward to learning and growing with you all!

As we all know, you are really paying for the commission in the purchase price. 

All new flooring, bathroom remodel, paint and drywall in the bedrooms.

Oh, and the boyfriend apparently brought in a large dog that scratched up all the doors, chewed up some window sills, dug up carpet in the bedroom they kept it in, and crapped all over the new carpet.

I always recommend to make even a little passive income from a rental after all your expenses, lets be honest you put a lot of effort into this rehab so you should reap a little return.

When you charge under market rent, the IRS deems that you do not have a profit motive and, therefore, disallows all rental expenses.