Show pictures of the deals you’ve done and describe what you did, like “bought for $X, spent $X fixing it up and sold for $X” or “spent $X and increased rents by $X”.

A pipe bursts and your insurance fixes your place.

Do I prorate the amount for her first month in the one-bedroom and then charge her the full month's rent for the following month?

It sounds like they are willing to seller finance the whole amount with no down payment needed.

If you are only making $600 a year - you can easily call that negative cash flow - because the first repair you have to make will probably eat that amount up.I would encourage you to compare whatever deal you are looking at to alternative uses of your money as to investments.  

He did a terrible job of fixing/renovating.

Investment Info:Single-family residence fix & flip investment.

So without my knowledge, I bought a turnkey property with a tenant that wasn't paying (never paid), I had to evict them (pay for the eviction), I had to pay for the turnover cost which was thousands of dollars, and I've been lied to by at least the property manager that came with property within 2 months of signing on the property (August).So I got everything fixed, the PM wanted to get the property rent ready.

I place only used and would never pay for a new stove or refrigerator.I simply keep my eyes out for good working stoves and fridges and usually have a couple spares on hand and if something goes down that is not an easy fix I just grab the trailer and dolly and exchange it.And in my area you can find working white stoves and single fridges for $100.00 each if you pick it up yourself.

Basis is $180k, and could sell for likely $340k. we fixed up the home with HELOC on home #1 mentioned.