Based on a hypothetical 20% Down 30 years fixed conventional loan for this example.I have attempted the numbers above, but would love to see how the experienced investors analyze property!

I suggested using a regular Conventional Loan for an Investment Property with a 20% down payment and for the renovations, using a Construction Loan. 

What interest rate do they charge?

@Adrienne MedinaYou may want to look into transferring the IRA to IRA Services Trust Company as they charge flat fees not a percentage.

Is it a FHA loan or Conventional ? 

I just purchased multiple properties and Unfortunately I have been dealing with cockroaches.You cant charge the tenant if it doesnt state that in the leaseI would definitely get a professional to handle the situation Lastly I agree give them a 24 hour and do an inspection I had a house I bought and apparently the tenant skipped town.

I applied for HELOC (for more buying power) and also for a conventional loan. 

If you are in charge of minor maintenance issues make sure you budget for these items.

You stated that you would like to use a minimum down payment of 20% which would be $10,800.00 on a purchase price of $54,000.00, on a 30 year Conventional fixed rate program with today’s rate of 6.0%.

And they charge for it.