Pay check to paycheck is absolutely a life style choice.

The best thing to do is to narrow down what the basic expenses are for a property, and work down from there to find what the probable net for your personal management style will be.

These last 4 buildings are 1 manufactured home that looks like it was destroyed and 3 old stable-style buildings.

. - Earnest Money/Hard Money- Closing costs (Docs stamps, taxes, etc)- Financing costs (origination fee, lender legal fees, brokerage fee if any, etc)- Offering Docs (PPM, Sub Ag, LP Ag or LLC OA, etc)- Transaction attorney fees- Pre-PSA inspections (walk & talks with contractors, travel expenses, etc)- Post-PSA inspections (appraisal, PCA, environmental, lease audits, etc.)- Purchase of interest rate cap (if bridge loan) or Locking of interest rate (if long term financing)- Software costs (Webinar platform, investor portal, others)

The suburbs are growing and businesses are doing well and there is a general sense of (very moderate, midwest style) opportunity here. 

We personally like Midtown and just west of Arcadia Lite and south of Biltmore but not going south beyond Thomas Road (Indian School Rd and 30th to 38th St rough center point)--just our sense of the time it would take to develop that area would be longer than I'd like to eventually be in a good neighborhood.What I've found in looking at these garden style or at most 2-level smaller units are that quite a few are being repositioned for turnkey propositions (which is what we are looking for). 

The main panel is actually 200 amp and then there's an old style fusebox going to the other end of the house.

Looking largely for modest ranch style homes and a relatively safe, comfortable area.

Land Contract style. 10 day contingent.

always good to get into the house for a deep check on condition and I suspect that allowed you to do that. although my style would have been go to home depot and get a few day labor's  and monitor them..