Of course communicated and preparing for every situation and getting involved in a good investment is always key.

My plan involved using the 150k to pay off my current loan and the remainder of a vehicle loan which would reduce my monthly bills by 350$ but the 150k loan would have to have a term of 30 years.

I have seen worse, and even been involved unfortunate in worse from the sales perspective.

I have always had an interest in having rental properties and even doing fix and flips but I have never taken the leap to get involved in it.

I love my day job as a software engineer but want to have multiple revenue streams and rental properties look like a good opportunity for steady cashflow and long term wealth.

Get involved in your local REIA to really capitalize on relationships to be found there.

If I'm going to spend 50k on a rehab and all the time involved with doing so, I'm certainly going to back sure there's equity when I'm finished.

Bad part was that I was heavily involved. 

Run cash on cash return for multiple purchase prices and figure out which one exceeds your return threshold.

The tenant has expressed multiple times the desire to change things (paint) but never actually did so I am taking this with a grain of salt and told her we would discuss again when she is ready to move forward.Whenever that tenant moves out, I would probably have to replace the current carpet due to age and mini blinds are also old (but functional), which is why I am considering the idea.In any case, I would be reviewing quotes, finances and contractor and figure out a way to make sure the work will be finished before I OK the change.