This has really helped with my 90 day action plan which I'll share shortly as well-Spent some time really researching the Tampa area/demographics and capturing a ton of notes in excel-Listened to two helpful BP podcasts related to MF investing  -Found a high potential sponsor that I'll likely invest passively with if the deal closes in Jan/Feb 2021 Year end goal: Final selection of sponsor/mentor

The remainder would probably be landscaping water usage and laundry room usage?

I did manage to get an extra 5% off a significant purchase of landscaping blocks from retail, but most of the consumables are already at market price and Lowe's advertises the bulk savings right there at the item sticker for contractors.

I would say look at the area, look at demographics, and reach out to property managers wherever you are looking and ask them how their rental market has been.

Also there is nothing preventing you from doing a little property rehab while you live there. adding carports, landscaping, storage units, driveways etc.. to boost your property value and gaining equity either to refinance or open a HELOC to fund your next investment. 

This house needed a facelift to the exterior, new windows, new roof, central heat and air update, kitchen and bath/full interior update, and some tree services and light landscape updates. 

Sometimes full remediation may not be economically feasible, but It gives you peace of mind.3) Know Your Property DemographicWhile knowing both your area and property are equally important, understanding your property demographic has a direct impact on the potential success of your investment.

I'd agree with a lot of the above posts as well but would sum it all up with this: Rent- study the local area rents and price according to your finish, location, terms and competitionTerm- go with a lease term that suits your business plan but consider the tenants' demographic as well (professional looking for short lease, family looking for long lease, college kids looking for the rest of the term...)Qualifications- I look at WHY credit is bad and use that more than the number. 

There are lots of cash flow markets but many of them have weak economic and demographic fundamentals.

Cleaned up the landscape and added some bark chip trails.