The units renting for $995 are a lot nicer than your subject property.Why do you think you'll instantly add $50k of value without any improvements?

You buy in cash for cheap, rehab and build instant equity then get your cash back.

Charleston is going to have a very nice pay day down the road.

As you find properties you like but that are overpriced, add them to your Liked list (click the little heart on the picture), and you'll be emailed instantly whenever there are price drops. 

There are multiple options available for screening packages; tenant involvement/no tenant involvement, instant reports, hand-compiled reports, and even income verification.You can find further information by going to Tenant Screening under the Tools tab.Best of luck to you!

Place has only been listed a week, had 5 people reach out, two were instant NO’s.  

If not then it's a free payday for them

You appear to be too young to do nothing - and that is great that you have established enough cash flow to take it easy - I don't think I'd trust anyone to look over my properties, I have about 80 units now.I got started when I was 20 years old, I am now 77, and I thought - hell - man - when I get all this passive income I am going to take it easy ------ that doesn't happen - you just get smarter and do bigger deals and make more money.I would suggest that you work smarter - do bigger deals (commercial, land/lots, subdivisions, businesses with real estate, fast assignments and flipping notes)If you really want to step up into a new profession - become an Auctioneer Associates -- this is a great business because your pay-day is 6-7 weeks from the time you do a deal and there are no contingencies or road blocks.An auctioneer associate deals with motivated sellers - they offer fast sale, no commissions or settlement cost.This is a passive business that you can use where every you go in the US.

I just used Obie (obierisk.com) for my latest rental, they're licensed in all 50 states and offer instant quotes online.

Here you have to put 5% down instantly and close in 24 hours.