Before it was rented I added kitchen cabinets and a counter where there was none, remodeled the bathroom (not a complete makeover, but substantial), added a dishwasher and installed flooring.  

Property needs foundation repair, the floor has a large crack that has been looked at by several contractors and a civil engineer.

For those who want to know what the home looks like I have included in the listing many professional photos and a 3D interactive tour.

I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here.

The lot back up to a very. large pond behind it, and a forest.

Investment Info:
Single-family residence buy & hold investment in Gilbertsville, PA.

Purchase price: $145,000

Purchased worst SF home in great neighborhood - turned into one of the nicest. Bought as...

I need a recommendation for a liability policy and a umbrella policyfor the project.

That includes the mortgage, the insurance, if there is any electricity the landlord is responsible for, if the landlord is responsible for any of the water and sewer, not all of those bills might be every month, some might be quarterly or twice a year like the insurance, and a small percentage set aside each month for vacancies, maintenance, and eventual capital repairs.

I'll never forget a conversation with an investor who was amazed that a turnkey company had a 1.5% vacancy rate and a 98.5% occupancy.

Now if you have a ROTH and a 401 K  and 25 other investments that are not real estate than yes you need a CPA.