Now in that area it is few and far apart when a buyer like that surfaces.

@Emmett Burton - on the surface if the numbers work out well with your conservative assumptions and you are accounting for property management, then it looks like you might have found a good deal.Be sure to have a good property inspection done during your due diligence. 

This was due to them waxing the floor and then running a steam mop over the surface, but there were only a few scratches because they kept it clean and took reasonably good care of things otherwise.

I haven't found any one book that goes into enough detail, they just kind of skim the surface. 

Do that for every property that catches your attention, that meets the criteria you laid out above, and when the right one surfaces don't hesitate to make a move. 

My explanation barely scratches the surface but the broad strokes should get you there.If you like, we have a call about this to walk you through it all.

I often find gem's that look really ugly but really just need painting, carpet and surface work.  

On the surface that sounds like a pretty high monthly insurance number.

Retouched every surface.

Touched every surface, replaced cabinets, counter-tops, and appliances.