Hi Shivani,First of all, the number chosen will need to align to your risk tolerance.Now coming to your question, when looking at distress homes the Cap Ex won't work because of the condition. 

TIME TO DO SOME MUCH REQUIRED DUE DILIGENCE (as ex-R.E. mogul/President Donald Trump always said).

Assuming I can get my mortgage payment to around 2,150, there is almost no cash flow after I calculate for vacancies, property management, cap ex, etc.

the reason not to use bondo is the main ingredient talc isn't a good choice. the next class of products that ARE suitable use better filler ex microbaloons or something else not talc."

Due to my ex-tenants misusing the washer and dryer, I decided to remove them.Initially, we listed the unit at $1200 (I know it's on the high end).

Ex: 1 LLC in Florida but 2 REPTs for both properties.hope this helps!

The laptop was not insured by you and (depending on local laws) without negligence on your part (ex. pipes were properly maintained by you, but one randomly burst), your insurance company is not going to pay to fix it.

It's not hard to find deals that are are 5%+ but if you are aggressive (ex. 15%), it starts to get difficult in this market. 

Your cap ex and management will likely to be factored in and are you planning on seeing these in person.

Not sure what u are using, but rental application fees should always get charged to potential renters( ex.