Be frugal, have a budget and use your time to increase your income

Keep it simple, stay consistent, and success will follow.

In those cases where a tenant suffered a minor setback and is back on track, if they are scheduled for a hearing before they're evicted they will often pay before that or when they see the notice on the door, but only if you file relatively soon.It really is good screening and filing quickly and consistently that minimize nasty non-payment issues in just about any kind of market. 

Am I going to make money on it, is there a value you ad opportunity so that I can fix it up increase the rents and thus increase the value of the property.

That could be a viable option as housing and property prices increase.

My main aim of interest in real estate is to increase cash flow and overall build wealth that can replace my day job and give me more flexibility with my time.

Meanwhile, the more partnership-heavy investors often experience setbacks but use the leverage of partnerships to rebound.To me, partnerships increase both risk and reward.

But if they are not already furnished, the answers above are consistent that having a good team on the ground (Realtor, PM, service providers, etc.) is critical. 

This seems like an increasingly difficult thing to do.

The shorter the prepayment term has an impact on increasing the rate.4.