I recently sold one (Acquired 2014 for $93k / Improved $35k over the course of 4 years. $25k of which in preparation for sale / Sold June 2018 $233k)Will sell the other condo once the tenant's lease expired,The reasons I sold were:1.)

Sewer access is down the street a half a block too, so that was prohibitive.  

Then, once the improvements are 100% completed, and the interest only period is up, the loan will convert to P&I payments for a fixed 5 year period.

Details in MLSUnits: 6Taxes: $5874 (annual)Gross Income: $48,600 ($675 per month)Net Operating Income $38,838Total Expenses: $9762Vacancy Rate: 5%Asking Price: $449KOwner pays Trash & Water______________________________________________________________Based on the expenses I am assuming that the property management is completed by the owner and that they are including ~$4K a year in insurance.I ran the numbers in my own Deal Analyzer and I added:5% of Effective Gross Income as Maintenance Expense 10% of Effective Gross Income as Property Management ExpenseBumped the vacancy rate from 5% to 10%Insurance: $3000 (annual $500 per door)Water: $3240 ($45 per door - typical in city)Trash: $1,800 ($25 per door - complete guess)$12K for improvements ($2k per door)20 year note @ 5% with 20% down (assuming full asking price)2% Closing costs______________________________________________________________My numbers show a Cap Rate of 5.7%, cash on cash return of -5.12% and -$1,668 of annual cash flow. 

Access to a dedicated real estate coordinator, kind of like your personal real estate concierge, who works closely with your agent as a team, is available to answer your questions and guides you through the buying and selling process. 

I worry about only expecting to do few repairs and improvements to a house, and basing my purchase price and renovation budget on that, because there is always surprises and things always cost more.

Redfin can give you the next best thing to MLS access... it's easy hunt down a ton of properties. if you're going to play the multiple agent route, call the listing agent of the property your looking at.

I would ask for a raise now, and then rehab for $5-6k (Paint & Floors) the coming year and ask for another raise because of the improvements next summer (Hoping to end up at $725-750 next fall).

For instance, I myself do Home Improvement Contracting.

The lower the MP, the higher the CF.Erroneous assumption:  Paying higher DP improves CF, or turns negative CF into possitive CF.Why?