I would also recommend using a dynamic pricing engine like BeyondPricing or PriceLabs.

We resided the house, replaced the HVAC system, renovated the entire kitchen and bathroom, refinished the hardwood floors, poured a new concrete porch in front, repainted the house inside and out and redid the landscaping.

It costs more in the long run to “work with” problem renters, than to just replace them with better tenants.

The only time I ever had trouble with one, Schlage replaced it free of charge.

I decided to remove mobile home parks and self storage since I'm going to start with multifamily and replaced it with some of my criteria. 

If its something very profitable then you can have engineering done and have that property sold with plans.

In the past 5+ years, many of the roads have been replaced and the sewer lines upgraded.

If you look at everything that will need to be replaced eventually then you can also calculate what that works out to be as a $/month set-aside.

So I always urge people to start with the end in mind and take a more passive approach.Do the math here… you with 300 dollars per property (2 months of work to buy a turnkey rental) you are going to need 20-40 of these to replace your income.

Rent might be slightly high, but I have never had either side of a rental there.With 1950s house in that area, you should also budget for sewer line replacement if it hasn't been done yet.