The higher overall cashflow would only pan out if you don't pull money out of the 2nd investment, 3rd, 4th, etc.

So, if the inspection of the structure pans out, I am getting an insane deal that will allow me to get into a rental market with high demand but no supply (outside slum lords).

Or if your plan is to stay at the house for 5+ years then it may pan out.Personally, my husband and I only buy primary residences like we do investment properties.

The windows will eventually need to be replaced in the future.I don't anticipate major capital expenses or repairs in next year or two unless tenant misuses things (e.g. paper towels down the toilet) or breaks things. 

, and gave the valuable tip that if your water bill is high, you likely have a leak or a running toilet and she shared wisdom about being consistent with all your tenants with rents and policies for liability reasons.

Once had a toilet stop working on a Sunday, I found a plumber who would go out same day.  

Also include in lease that minor stuff such as clogged toilet, light bulbs, lawn care, etc are the responsibility of the tenant so you are not bothered everytime a bulb burns out.

An organizer that hangs on the shower arm is sufficient for the average rental. 3) Scrap the tub idea, tile up an entire walk in shower with a proper membrane or copper floor pan.

In either case, you can't work on the property as it must be a passive investment (e.g. you must hire someone to fix the toilet and can't pay the expense with non-retirement funds).7.

I've got a couple of meetings scheduled with some local investors, hopefully that will pan out.