Instead of listing a 4 BR house for, let's say, $1,500 a month, I list it at $450 per bedroom and am able to collect a little higher income each month, while protecting the renter from paying extra, in case a roommate unexpectedly moved out. 

Turns out it was a faulty outlet, not the fridge.

Check in more often at unexpected times.6.

Account Closed suggested look for things needing updating - light fixtures, electrical panel, outlets and covers, water heater, HVAC, plumbing fixtures, and don't forget their connections and ptraps.

Also, Huntington is the closest point in VA to the new MGM National Harbor Casino and the outlets.

If you're planning on using financing in order to take the leap (which I highly recommend in order to keep your cash-on-hand as high as possible when finding new opportunities and to deal with unexpected rehab expenses) then you should have enough to complete 3-4 flips per year.100k in liquidty$55,000 average purchase price20% down given low experience with flips = $11,000 per property down payment, + $5,000 closing costs and $8,000 to start the rehab before the your first draw would put you at about $25,000 needed upfront per property  - assume a $44,000 loan and a $30,000 rehab budget = ~$75,000 total loan, at 11% interest + utilities, holding costs and resale costs, you should be able to buy one property every 3-4 months to spread the risk so you're not all in on 3 properties in the first couple of months

He made a note in the fount of each properties books that if the tenant ever paid the loan off, AND had paid the current value of the house plus 10%... he would give them the deed to the property as an unexpected GIFT. 

Have gotten appliances from sears outlet and Craigslist and had good luck so far other than one bad apple from a private seller.

Did outlets need to be replaced?

Repairs were estimated at $37K but we ended up with $50K due to unexpected air conditioner issues plus a few misc things.