Quote from @Gabe Chase: Quote from @John Underwood: Just curious how much do you spend annually on all the 3rd party software you use? 

Where I am, and we have a lot of units under contract for lawn care, we still spend about $1000 per SFH on annual lawn care.

Tenant had the option for an annual lease, but chose the flexibility of a month-to-month.

You can expect a 4% cash on cash return since you are new and probably are not going to jump to the front of the line and get the best deals.  4% of $150,000 is is $6,000 annually. 

I have seen properties show up as far as ~$50k lower in annual revenue than in realized income, so know that the numbers aren't always perfect!

Quote from @Hector Espinosa: Hi All,I would like to hear your comments about the following property, which I think, based on the analysis I made, seems to a be a potential good investment:* Purchase Price: $98,000* Monthly Cash Flow: $310* Annual Cash Flow: $3731* CoC ROI: 15.86%* 5-year annualized return: 15.35% (with a profit if sold of $25K)Also, what are some of the disadvantages of buying old houses? 

You want to look around certain north side neighborhoods such as Irving park, Humboldt park, west loop, etc because these areas are appreciating at a high annual rate.

There is an annual NARPM convention that's pretty good.

. $15,000 to $50,000 tax free annually.  

Bonus point, if you could share (in a DM) approx how much you pay annually for your quad home insurance, so I have some idea about the market rate there I can send you a list of insurance agents here in Columbus