The next unit we will have to replace carpet and I'd like to clean up the moulding but hope not to replace. 

Please correct me if I am missing some line items here, but here are the working numbers for the property:+ Gross Rental Income: $150,000- Cleaning Fees: ($21,600)- Management Fees:  ($19,260)- Property Taxes: ($3,700)- Insurance: ($2,400)- Trash & Local Tax: ($650)- Utilities: ($7,200)- Pest Control ($560)- Supplies/Maintenance: ($1200)- Acct/Legal: ($1500)TOTAL EXPENSES = ($58,070)Net Operating Income = $91,930---Based on my limited understanding of the local CAP rates for similar properties in Philadelphia, PA 19106 it looks like 5-6% is a realistic number. 

@Stevie DelacruzHey Stevie, I'm a senior in college studying electrical engineering. 

It then takes 6 months detailing out the plumbing, electrical, hvac, interior walls and finish, cabinets, fixtures, flooring, paint etc.The metal shell is a hindrance unless you really want to tow it around ...alot, as even some trailer rv's use wood framing.

I have some connections with contractors(I’m a glass person myself) and I have friends in plumbing, electrical, concrete, etc.

In this category I have dumpster/dump costs, Plumbing, Electrical, Furnace/Boiler, Ductwork/Baseboards, Central Air, Water Heater, Electrical Materials, Plumbing Materials and Misc.

I recently acquired a 3.53 acre vacant lot located in a county industrial park with easy access to power, water, electricity, etc. 

Otherwise, make sure the property is in a good location and you spend some money/time to really clean it up initially and find good tenants, being 1 hr away isn't too bad. 

, but all the drugs and steroids in the world do not make you good at the snatch and clean and jerk. 

I just rewired a 1966 house, and it is pricey...about $1500 per room and $4200 to update the electrical panel.