Based on what I'm reading sounds like you have a negative return, not a 3% return. 

There doesn't seem to be a lot of MTRs (rooms and entire units) in the area just based on initial searches on Airbnb and Redfin, but I understand this isn't the only indicator of demand.

Quartz makes sense for a high end unit/ fancy neighborhood where you can and will attract tenants willing to pay more for them.Repainting is often a no brainer, but could be based on the current conditions as to whether or it is needed.I agree with Melanie on researching the washer/dryer comps. 

We would GREATLY appreciate feedback from experienced investors on how best to start out on our REI journey.Ok Gabe, let's reverse engineer this a bit to get to a fact-based answer vs opinion or feelings. 

I use a lot of different cards based on the best categories on my spending for cash back/miles, but one under the radar for rental investors that gives 5% cash back on up to $2,000 spending per quarter on utilities category when chosen is the US bank cash+ card.I max out on utilities spending with the card every quarter.

Once you begin to generate leads that fit their recent purchases/want to buy, run the numbers based on the ARV after repair value for after when they develop/fix n flip and subtract cost of build/repair, your assignment fee, and the original cost of the contract.

May or may not be good for the tenant base.

@Steve Ford the points is usually based on your credit and your downpayment. 

@Andy Terra , where is your wholesale business based out of and how are you getting hundreds of leads?

@Peter Woernerthe other issue is that investors are coming in now based on BP advice circa 2016 =(