I see that this passive part of REI is crucial as you mature in your porfolio.Since I have a very busy full time day job, I'm juggling the time vs. money vs. excitement for REI strings and sometimes failing to find that right balance.   

Have a tenant applicant and even the showing went really well and he seems really mature and responsible, the credit report looks strange.i know many people are doing short sales and foreclosures from being upside down and I don't want to get into the whether foreclosure is a sign of someone not meeting their financial obligations argument here. 

Here is a list of all our properties, approximate values and mortgage balances, if any.Address                                                         Mortgage Balance      Value28 Halifax St Winslow (7 unit rental property) $99,000                    $230,000 (appraisal 2017)(Commercial 5 year ARM, currently 4.6% w/next reset 2021, matures 2031.

They go on sale regularly and cost less than 2 bucks a towel.I bought all USA made furniture.

Setting aside the unpredictability of the timing of a recession or its effect on the economy and/or the real estate market, every single poster who inquires about "waiting for the next recession" presupposes they are actually going to have the nerve to buck societal trends and dire economic warnings, zig when the entire market zags, and buy properties when the market tanks. 

What will give you the best bang for your buck is to find someone who understands the exact impact each rehab item can add to the value of the home (either in sale value or rental attractiveness). 

I don’t want to pay big bucks on vacation and sleep in a bed smaller than I have at home.  

If I were you, I would replace any fabric, ie. carpet, I would pay a cleaning company a couple hundred buck to do a deep clean, change any HVAC filters, then I would go to Home Depot and buy an odor bomb or two.

Pay the accountant a few bucks and get it right.

Everyday that thing sits vacant is a day you are losing 20 + bucks out of your pocket so dont wait around for things to get better or for the idiot to come back .