buying quality and holding for 5-10 yrs always seems to work out. 

I put about $3500 into it in repairs plus a lot of my own work and really made it one of the nicest rentals in the neighborhood.

I do things like replace furnaces or entire plumbing systems so that my buyers don't have big ticket repairs right away.

But the SFH 3bdr home is 15% below market value and needs minimal repairs.

It's time to start once you have saved enough to comfortably put 20% down, have enough reserves that you can handle a major repair + 6 months house payment, have researched local landlord laws and rules, have a good idea about what paperwork you will need and have it ready (lease, move-in checklist, background check, etc...), and you've done your research so you know what a good deal looks like.Then the hardest part!

At the end of the day, the overage is minimal considering the level and quality of the product we are getting.Pricing on As-Is UnitsThe units that are being renewed are getting $90 - $190 premium to in-place.Pricing on Renovated Units Two 1x1 units have been leased at $825, which is our ask.

This avoids down time for the tenant and no urgency for me to do repair.

Estimated repair costs?

Patience is the key though, this is a quality few speak about in podcasts etc., there is no overnight sucess.  

Most expensive projects were tuck-pointing work to repair a face of building and chimney.