I remember there was a guy on the BP podcast saying how some places have gone up several times over there in a short period .

That led me to bigger pockets and several real estate books later i feel more comfortable looking at real estate from a cash flow perspective. 

Misdemeanor indicates it was lower in severity, but is was physical.

This is the best real estate investing website that you will find.I am an investor and a realtor in the New Orleans area and I have been a member of NOREIA for several years, although I have missed the last couple of meetings this year.

Under complete duress, the owners put in a new but cheap air conditioning unit in 2017  and they have been told several times, a new furnace is in order.

This is a combination of several ideas above...It's also in the vein of not spending too much money since it's a rental.

. $1,000 a month to $1,100 isn't huge, but if you wait several years and try to increase the rent by $400 a year good luck.3.

As I understand these are pretty hands off real estate deals, which is nice for convenience but i'm really scratching my head thinking that a 8-13% return is worth the risk, especially considering what US equities have done over the last several years.

In the other two (soon to be three) the system goes like this: an initial deep-clean (that gets re-done every several months) and then each turnover is just upkeep and laundry that gets sent out.  

I've never done it in NY state, but have done so several times in FL and recently in PA & MO.