Clean with zinsser perma wash or jomax, then paint with a moldicide type paint (if you think it will be a future problem) or normal paint is fine.

Up date one side by adding additional bed and bath (the other has already had this done and is in excellent condition)ARV: 475-500KMonthly income: $3200Monthly expenses: $2283 (mortgage, fixed and variable expenses, future assumptions) see below-monthly P & I: $1622- fixed expenses: $340/month (water/sewer, insurance, property taxes)- variable expenses: 2% vacancy ($64/month) , 5% repairs & maintenance ($160/month),  cap exp 3% (96$/month): No property management since we do this ourselves for our rentals.- future assumptions: 2% annual income growth, 5% PV growth, 2% expenses growth, 6% sale expensesBigger pockets tool sheet with above data:Cash flow: $916/monthCash on Cash ROI: 6.65%-7.57% depending on rehab costsPurchase cap rate: 7.15%I know this does not meet the 2% or 50% rule but it seems like a good investment for the area.  

I like the creative thinking, but If they go to get into their car and it's been towed I'd be more worried about future contact.

Not paying on the first is late and will affect future landlord references.  

They are super competitive, but right now have tightened their guidelines and tacked on a 4k fee for any loans originated after 4/7 (if someone is viewing this thread in the future, this current timing is the beginning of the shutdowns from COVID-19).

Property cash flows about $700/mo after the mortgage and expenses.The property does need some work to attract better tenants in the future and to make the property look more appealing.

I would also like to generate passive income over time but the truth is I will need a little bit more money to start expanding. so ideally I would love to do project management and start with some flipping to build some investment money to acquire the rental properties in the future.

Laminate is good for living areas or bedrooms, but again can be hard to locate the exact type of laminate in the future if you need to replace it.

I also hope to experiment with using Airbnb's platform for some of my future properties.My current plan is to continue saving up money through frugal living, hustling with freelance design jobs, and selling real estate as an agent to purchase my first house hack.

I'm moving to Washington D.C. and I would like to invest in a growing, affordable, and revitalizing area in Maryland or Virginia (or other areas within 2 hr drive fr DC; max) with a potential growth in the future.