Asking price: $50,000 Tax assessed value:$57,500 Down payment: $10,000 (20%) -- seller paying all closing costs Rehab: $1,000 (really just needs floors vacuumed/scrubbed and stove + fridge) Total initial investment: $11,000 Projected rent: $775/moVacancy factor (10%): $77.50/moTotal Income: $697.50/moProperty Management (10%): $77.50/moMaintenance (10%): $77.50/moLegal: $25/moTaxes (capped at 2% of purchase price): $83.33/moInsurance: $45/moTotal Expenses: $308.33/mo Net Operating Income: $389/mo --- $4,670/yr30-year Mortgage at 5.5%Debt Service: $227.12Net Cash Flow: $162/mo --- $1,944/yrCap Rate: 9%Cash-on-Cash Returns: 18%Do you think this would make for a good first rental property?

Studs, floors and walls were scrubbed using info from the CDC website.  

We also had to tear out the garage stairs because they were saturated with urine and feces.After two days of scrubbing the garage floor, with everything from simple green to bleach to baking soda, the place is finally smelling better.

We scrubbed the place from top to bottom when we moved in, behind all appliances, closets etc.

"What's clear is we have space for a million people who are no longer there," Szymanski said.Much of that land could revert to scrub land or, as part of Detroit Future City's vision, become "blue-green" corridors to reduce pollution and help drainage in a city with an inadequate, ancient sewer system that cannot handle storm water.

I'll be there a little bit before and am debating giving the toilet and stove a quick scrub...

(Wear gloves) Apply liberally to the floor and scrub with a hard bristle brush.

Is that replacing sheetrock scrubbing studs, replacing insulation or a surface scrub?

I would like to scrub the recently sold properties from this list.

I scrub the list to remove things like properties with a mortgage, duplicates, etc. and spend a tremendous amount of time on pricing, because although these offers may be a lot less than retail, they are not out of the question.