Since the well is on your property and could be used in the future, if it was  me, I'd call an experienced well driller in to correct any deficiencies and secure the surface.

Hard surface Luxury Vinyl Tiles (LVT) is definitely the way to go for low/no maintenance long lasting floors in a rental. 

I've been doing it for a few years, and I have just scratched the surface in things that I'm learning.

Department of Housing and Urban Development.If it all works according to plan, the result may be that cities have an easier time buying foreclosures, redeveloping them and then reselling them to homeowners in neighborhoods hardest hit by the housing crisis.It also gives communities an upper hand in buying a foreclosed home cheap, before it's snapped up by the investors that already are starting to surface in some neighborhoods.

From there, calculate your debt service costs and what is left is your cash flow.While using a cap rate of 10% seems good on the surface, what goes into the cap rate calculation is what is important.

Brick/vinyl, new roof, New HVAC, New hot water, new appliances, new windows, solid surface floors.

On the surface it doesn’t look like a great deal.

i never even heard of any of the ones listed on bigger pockets' list (pasted below for reference), nor come across any BPers mentioning any of them in my past few months new here. perhaps they did here and there but i didnt notice.anyways i did come across rentshare.com mentioned, but a google search for a BP topic on that company didnt surface any.would anyone recommend them or have any input on them whatsoever?

I'm just starting to scratch the surface of this site and already can tell how powerful it can be.

You can refi out your $50k in cash you put in, and if this house cash flowed at $600/month before debt, it should be around $350/month ($4200/yr) with the refi payments.On the surface it looks like you're $150/month behind...but you're actually ahead.