Be prepared for delays,lots of them.Rain and snow(if any) can ruin the days you had scheduled to repair the roof,paint the exterior,repair or change the landscape or driveway,etc.Also,if you're trying to sell single family homes beware,parents don't normally want to move their children to a new home and possibly to new schools in the middle of a bitter cold winter.Only if you price the home well below the after repair value and give them some instant equity will you get good enough offers to accept.Even in warmer weather states like California and Florida,finding multiple offers from families with school aged children can be difficult.Be prepared for the home to sit on the market for 90 days or more until it gets closer to the end of the school year.

Anything I didn't know would kind of just work itself out if the deal was good enough.

You may decide that getting $183/month for your 20k (11% ROI), is good enough and worth avoiding the headaches of acquiring a new property right now.

Are they good enough or do they look cheap?

I hate masking and my husband's eyesight isn't good enough to spray, so he masks and I spray. 

This is false.Your credit is not in good enough to purchase your own place, so it will be the same for any other house you try to buy.I would suggest working on improving your credit.

Its always a struggle on whether to raise rents.Denver is filled with Milennials, not sure how Bellefonte is, but so my target is responsible millennials with a stable ad good enough paying job(X3 rents).I like 2bed/1 bath as lots of millennials like the idea of splitting housing to cut costs, so I find that many like the 2bed/1 baths, which I too like.Basement with potential to turn into a finished basement:Chi, ching!

If you find a good enough deal you will have no problem funding it.

Although we do not FULLY know what the property has to be done in terms of repair, I believe our numbers are good enough for the buy/hold or even fix/flip investor.

Even at $2.68M, you should still make $7500/month, which might be good enough.