Ospina @Christine KankowskiThanks for the reply. 

So I am still learning how to word everything correctly. so please bare with me.Lets say a person makes 15,000 a year before taxes and wanted to get a property to fix and rent out. in southern California. lets say the person used a hard money lender to obtain the property, and sources for the rehab and closing cost + extras in case anything pop up that needed to get done.now that the rehab is done and the house is ready to be appraised, rented out with a management company and refinanced. would there be a way to refinance the house with that low of an income ? 

Reply with some numbers like average rents, monthly CF, etc. and the community will be happy to help you with a strategy that hits your goals.

@Linda Weygant is partly correct on the CPA tax side of things.

Inspector doesn't care.We have scraped but the best thing would be to power wash to prepare wood correctly. 

You are saying I should spend my money on trying to find my own deals correct?

From your reply, I gather the mold is probably the biggest concern and the others are just typical upkeep issues. 

Their reply was "Dude, just google 'buy golf cart'".   

You are correct that most tenants aren't that picky about new windows, but there are benefits.   

But yes, you are definitely correct that I will want some sort of lease in place asap.