One eviction or semi-major repair to a unit and you probably won't make a profit on that unit for the entire year.Why is the Seller selling it so cheap?  

The upstairs is 1200 sq feet, it’s semi updated but definitely needs some work.

With goals of transitioning into a semi-investor/property manager role.

They may not be called that specifically, but they are a semi-government organization that works closely with city council to make sure that they are encouraging and helping economic growth in the area.

A semi-rural small studio here just went for $820/month & I can't believe what some 3rd world equivalent apartments are renting for.Homes around us are selling quickly & junk foreclosed homes that we have been through are going for above asking ??? 

The logistics are semi consistent; VRBO and Airbnb will be the same, handling inquiries and cleaners will also be the same.

It also came with a semi-finished basement.I am now looking to refinance and I’m wondering whether to renovate the basement.

I certainly had my 6mo of living expenses rainy day fund that I took from, a little bit, and other semi-liquid sources I could use in the worst case, but I played it by ear and was able to take my time with many of the non-time-sensitive renovations.Because you're owner-occupying the property for at least one year, you can spread out many renovations such that it's a more constant trickle of cash required every few months or so.

Last, get a trusted Real Estate Advisor who you can speak with over the phone or meet with in person on a semi regular basis. 

Hello all,I will be making my first rental property investment(s) by the end of this year and am interested in any thoughts on my strategy thus far. My overall goal is to reach financial independence and/or create a p...