Its simple arithrimetic but often there is an angle and no prop is the same.  6)  good beginner rule I use for myself is that for a buy and hold multi - if it needs more than 10k of work its probably not a great FIRST investment.  

Anyone know what this could be worth with a simple cosmetic renovation?

Plus, Zillow, Rentler and the other real estate platforms tend to have all sorts of unnecessary hoops to jump through for landlords, and I find a lot of their design very un-intuitive (I remember spending waaayyy too much time just trying to figure out simple things in Rentler).  ...why can't they make it easier?

This gave many the false sense that real estate is simple but its not.

I think you need a little more education and a mindset shift.Real estate investing is a fairly simple process.

If you put landlording next to exercising, exercising might be more passive as an activity.

This whole exercise may or may not make sense depending on the reason for doing it.

Here is my simple wording.  

Anything that seems too good to be true is, plain and simple.

I put a simple CMA report in a Google sheet if you want to take a look.