I am going to have a friend create some invoices for the work we did, but all in all Even really really stretching it, its going to look as if Im making 35k profit on a 95k house and from what I hear there is a good chance they will not like that.

Vacancy (10%) 120Prop Mgr - that's me Expenses - roughly 820Income - 1200Net income - 380The other thing I will mention is that this place is not high end by any stretch.  

In either case I will tell you that labor costs are very low here so if one is familiar with the type of material needed for rehab your dollars will stretch  (outside of perhaps concrete costs) a bit more in PR than in most places in the states...the key (as is the same anywhere) is finding reliable and quality  workers. 

I'm trying to have as many ways possible to stretch my available funds in case I come across multiple deals at once. 

Add in that you'll be paying a higher price for the same and while that means a larger absolute gain, percentage-wise it may not be that much gain.Which means if you have to stretch to reach, you have less for other deals in the intervening period.Anyways, like debating since I get asked this by clients and am willing to learn.  

Aloha,Seems like a bit of a long stretch from Tech visit to delivery, but, the fact is you have initiated the repair, and that delay is likely out of your control.

Your 1k/month cash flow scenario might be a bit of a stretch.

We don’t need to be rich by any stretch, but it would be nice to eventually own enough rental properties to live off a modest passive income and start growing a decent portfolio.

You have lots of options -- you could buy one in cash that would cash flow (would not suggest this), You could buy 3 or 4 turnkey properties with traditional loans and just 15-20% down, or you could stretch your money with hard money loans and do multiple properties. 

Also, ensure that you can pay what is expected.By this, we mean your payments should not stretch your monthly budget to the breaking point.