Currently I owe about $163k now so I do not have much equity, although I have made many upgrades like wood floors in basement and dining room, paint, trim and landscaping plus fence.

The elementary school isn't good, but the middle and high schools are decent.I'm supposing here that I am the one who purchased this home.Zillow's Description: "Like new South Arlington home, Mansfield ISD, 2 living areas, formal dining and bfast nook, fresh paint and newer carpet, large fenced yard, 2-car garage, near shops and schools." - Zillow.comDeal Analysis: Using the SFH Analysis Excel sheet by @Brandon Turner.NOI: $10,185Cash Flow:Net Operating Income: $849Mortgage: $470Total Cash Flow: $379/Month Return on Investment: %17.08( Cash flow Includes costs listed below but the spreadsheet forces $2,900 in closing costs, which may normally be paid by the sellar, I think. )Purchase Price: $116kRepairs: $500 ( Stated to have been like new. )Downpayment: $23,200 (20%)Financed Portion: $92,800 (80%)Monthly Rent: $1600 ( Comparative + adjustment from Rentometer.com)Vacancy Rate: 10%Property Taxes: $270/Month ($3233/Year)Insurance: $288/Month ($3456/Year) - Suggested on SpreadsheetMaintenance / Repairs: $100/Month ($1200/Year) - Suggested on SpreadsheetAdvertising: $150/Month ($1800/Year) - Suggested on SpreadsheetAdministrative: $150/Month ($1800/Year) - Suggested on SpreadsheetUtilities: Paid by tenantConclusion:After comparing and running my numbers through Brandon's sheet, I feel like the final cashflow of $379 is a well-buffered number.

The rooms flow well, but there are 4-5 steps going down to the dining room/ kitchen, another 4-5 down to the basement, and 4-5 going up to the second floor from the entry way, and 4-5 going up to the 4th bedroom.

I was stunned when a light sleeper who was awakened at 7:00 in the morning on their vacation by the water we were running for a few moments in our kitchen sink upstairs from their apartment, still gave us a solid, straight 5 star review. 

Maybe also getting a bit more for pets if it's a good idea to allow them.Unit 2Basement 500 square foot 1 bed 1 bath with combined dining/kitchen/living room.  

I think I am becoming a fan of rigid plank vinyl and providing tenants with felt furniture feet pads and checking up that they installed them on beds, dining chairs etc if you allow pets...leave a pet indoors too long and they have to go somewhere.

@Joe Splitrock Such stunning statistics...a less than 0.0003 chance of being shot.

I am going to be putting in new floors in the living room and dining room of my condo, and the cost to install hardwood isn't greatly different from having someone professional stain the cement.I know the stained cement would be more durable and less maintenance, but I would like to know other pros and cons of both options.

My residence is a multi level (family room on the main floor; kitchen, dining room, and living room on 2nd level; all the bedrooms on the top level; and it also an unfinished basement. 

There are extra beds in the living room or dining room that people can sleep in.