The guy is coming tomorrow to measure out the place, then he will give me a labor estimate (which I can accept or go with someone else).

Measure your results and see what strategies are working for you.

who did the cabinet measurements, do you gave blocking in the walls to support the cabinets?

You are severely limiting your opportunity to grow if you do not Learn to vet, work with and manage your PM's. wealth is measured in time not in dollars.

Your inbox is about to get a workout :) I agree you should take a measured approach and don't blow your entire wad on a single deal.

Or if you need additional safety measures put in to cover your liability if someone falls in.Hope this helps

However, if you’re living in a state where they have many layers of rental protections, you’ll need to resort to more extreme measures to free up the property.

Look at the quality of work that was done and barring issues, I wouldn't let that prevent me from buying the property.As far as the 1% rule, think of it more as a guideline or quick measure.

To best avoid the cash-killing "Capital Expenditures" you have to pick the right type of house, find the right tenant, and take other pre-leasing measures that will reduce your long run turn costs.

Cap rate is just a snapshot in time and doesn't take into account the longer terms benefits and risks. it is only a  measure of current cash flow.