well thats a long slog trying to do it with rentals.and the limited amount of captial you have currently which from your post is borrowed money .To me you need to find land develop it and build it out.. thats where you will make big to bigger bucks the quickest then peel some profits off if you want to get into the rental game.

Samantha Reeves,Thank you for your reply I went through the Handbook , and although it's quite detailed , it seems to me that as Long as the Roof is in Good shape, there is no Peeling Paint on the Exterior of the house, and that the HVAC system is in working order , as well as there are no Safety hazards regarding  the property/house.What I'm not sure on though , is what if there's Some rotten wood on the exterior and or you want ( Need ) another $5,000 to upgrade the house .....new cabinets, faucets, flooring, re-paint the inside ?

@Sydney Scherer, I'm sure a lot of people would recommend LVP or even tile as replacement flooring, but for rentals in kitchens especially I actually like peel & stick vinyl floors.

Of course in old properties you should always immediately address any chipping or peeling paint. 

Others threw onion peels down a disposal and called me that it wasn't working.  

Have soap and towel, face masks , you dont know how the tenant lives . 

For hard working rooms, I typical use peel & stick vinyl because it doesn't need a professional installer (myself or a handyman can do a good job).

Often sponsors mask that as a return.

Regarding the cabinets, do you see how the lower edge of that cabinet on the end is looking like it is a bit warped or peeling?

Has anyone used peel and stick removable wallpaper?