Whoever lives on the property needs to go through the normal screening process. 

My experience, we're investing in sub 100k markets, expect more than normal wear and tear.

Your ROI off a 20% down payment will be around 60-80% when you factor in principal pay down on your mortgage (which your tenant is paying off), 5% normal appreciation and monthly cash flow.

@Rajagopalarao Paidi  some areas of the country it is perfectly normal for foundation issues given the soil types and building techniques of the time.

So, two questions arise; 1 - can this strategy work in a NORMAL period of economic activity, and 2 - can this strategy work in a difficult economic period?   

An anomaly happens in your personal life that consumes more money than normal.

For a normal interior we would use the following- sprayer for ceilings (flat white) and for doors (switch to semi-gloss) - 3'' angled brush for cut in and trim- 19'' roller frame with 1/2'' nap cover for walls (this is where the real magic happens).

My mom Rhonda Blue has 6 cabins and start up costs were from 5k normally up to 10k if it needed to be stained.

Quoted $5K in closing costs but ended up being $7k to pull $94K in equity out of home as a 2nd mortgage (additional cost was insurance). curious if the below info seems “normal”appreciate the feedback.

If a tenant is asking for rent reduction in normal times, then that's a red flag that you have to find a new tenant.