Usually, good established PMs have a network of vendors/contractors through which they are able to get 10-15% discounted prices on any work to be done in your rental.3.

I have put a lot of sweaty equity into this property by re-doing almost everything including interior/exterior paint, new flooring, new bathroom vanities, new privacy fence, and much more!

But wanted to know potential cons I would have to account for.Another question, would you trade gas heating for a 2bedroom property that has 1 full bathroom and 1 bathroom with only a shower and sink?

Hoping to do paint and floors myself, along with any kitchen and bathroom upgrades needed.

Personally, I don't like the numbers for purchasing condos in large communities unless you get a killer discount on the purchase price.

It's much better to understand the Internal Rate of Return (IRR), Discounted Cash Flow, Future Value (FV), Cap Rates, Appreciation Values given a Rate, etc.

In my limited experience I would say that if you go virtual in a different market (say a smaller city with lower priced homes) you'll generate more leads, but you may struggle with disposition as there is less Investor activity from your potential end buyers (Small,Med, and Large Flippers, Institutional/Hedge Fund Buyers, Turnkey Operators..etc) On the flip side if you stay in the more competitive market it will be a grind to get those first few leads and to secure a contract but your odds of not being able to dispo it should drastically decrease (Assuming you have a discounted deal in the right area) and that check should be NICE. 

(4 rooms @ $2.4k or 5 rooms @ $2.75k).It depends on the size of the room and how many bathrooms you have per room.

One of my concerns with this aspect though, is I only have one bathroom in the home. 

These are the outlets you typically put near a water source such as in the kitchen or a bathroom in case the outlet or what is plugged into it gets wet it trips the outlet and cuts off the electrical supply so the person is not electrocuted.