You will also need a lot of tack clothes for removing the dust from the cabinets.

I have had tenants at the poverty level that have cable, Xbox, cell phones, brand name clothes and eat out dinner five days a week.

Step 2 is changing your profile photo to one that's more professional, maybe where you're clothed.

I would buy the houses, than change my clothes and get dirty with this guys to learn what it takes to fix a houses. this went on for 2 or 3 years. than I was able to just keep them on daily wages and have a good idea of what is going on. 

Wall paper over plaster, especially the old cloth/mat-backed wallpaper, allows the plaster to come off the lath in larger pieces/sections, cutting down on the dust (but, only a little).

You would spread the mix damp and set the tile then use a sponge wetting the tile down creating a wet set mortar that  would then set harder. 

We bought a house last June and hired a GC to do about $60k worth of work - the main thing being to replace all the cloth wiring in the house, as well as upgrade us to 220 and install new panels.

Without the safety that his home provides he cannot be productive in society, he can't secure his property such as clothes and food.

Use a scoring tool and a hot wet wash cloth/sponge, it may come right off.Once you find a easy way get a crew of friends family and who ever else you can,,,rent a steamer if necessary and do it yourself. 

And I would disagree that the opposite is true.In reality, an investment that meets the 2% Rule may or may not be a good investment.That said, if I were more careful with my words earlier, what I would have said is:An investment that meets the 2% Rule will generate a strong (compared to a typical rental property) cash-on-cash return when managed well.Personally, I've owned several rentals that have met the 2% Rule in areas that I consider to be very good neighborhoods (I'd define a "very good neighborhood" as one where I'd be perfectly comfortable with my wife walking around in a bikini in the middle of the night :).  2% Rule investments don't have to be in bad areas.That said, I've known several investors who specialize in deals in very bad neighborhoods (places I wouldn't want my wife walking around in the middle of the day fully clothed) -- and when managed well, their properties generate tremendously strong cash-on-cash returns.