@Steve Rhine This is an age old debate!

Aloha @Trevor Yasunaga and @Nicholas Price congrats on getting into this industry at a young age, Ive only been investing for the past 3 years but have built up a decent portfolio in Hawaii and on the mainland and made it a full time business.

Here are some of the SKU’s we used:Material list (Interior):Wall and Ceiling Color – Aged Beige (Behr PPU 7-9)Trim Color – Riviera Beach (Behr PPU 7-7m)Door Color – Rolling Pebble (Behr PPU 7-23)Flooring – Hampton Bay High-Gloss Natural Palm (822-042)Carpet – Arabesque (1000-019-537)Interior Doors – Jeldwen Continental-Style (729-608)Living Room Light – 13” Bronze 2-Light Flushmount Twin-Pack (790-545)Dining Room Chandelier – 3-Light Bronze Riverside by Progress (661-224)Baseboards – Pro-Pack of 7/16?

Back in the day when I was your age I went through the same dilemma.

@Chris K. the tenant is a middle aged single lady who works from home and is quite well to do.

I am an extremely young investor, at age 17, and am currently working as a wholesaler for my mentor in the Houston area.

It depends on the age and condition of the property.

No any repairs due to normal aging and wear and tear are on me.

Depending on the age, location and condition of the property, 45 to 50 percent expenses (including vacancy and annualized capital improvements) is a darn good rule of thumb.Tax advantages are helpful, but don't equal cash flow in importance.

Many years ago, you could sell your personal residence ONE time in your life, at age 55 or older and take the first 125K tax free(250K if married).