It will need approximately 20k in repairs and have a ARV of 80 to 120k.

Power washing the exterior, repairing the driveway, and painting the front door What was the outcome?

It was about $10,000 to repair.

You will attract all scumbags in this world and soon find out your repair and legal cost will easily pass your yearly income.

For instance tenant responsibility for up to $500, $1000, whatever in repairs before landlord responsibility kicks in.

You will take care of repairs under say $200 or $300.

The study could also identify the opportunity to capture additional benefits such as dispositions, and repair and maintenance expenditures.

I have actually been thinkin about cutting losses honestly, I am not sure this is the best investment I could have made as my first but worried about how much of a loss I would have to take.It is meant for S8 for sure, I would have a stringent application process, and give the neighborhood a C from my research.I invested there because it was the first deal that basically fell on my lap where the mentor works with agents that Seller Finance deals, it was only $3k down and had thought the proximity to St.Louis would be attractive to tenants also.I effed up on waiting to post for rent until after all repairs and the COO for sure.  

I am NET cash flowing just over 1k (includes maintenance, repairs, cap-ex, vacancies, utilities), which is pretty good considering this is in SoCal.

To stay secure, I’d recommend saving 3-6 months of mortgage payments, budgeting for repairs, and possibly investing in a home warranty.