If any member ever has a question about insurance claims or a closing, do not hesitate to reach out.Daniel Alvarez

I put my rehab and insurance costs on the HUD and get them back every time.

Set the dehumidifier up on cinder blocks , put the drain hose in the condensate pump , and find a place to discharge it either in the waste plumbing , or outside 

That will hit your cash flow over $200/mo.Next, I do not see a line for insurance. 

2 new bathroomsflooring throughoutpainting throughoutNew plumbing, likelylight fixtureswindowslandscapinggarage doorsinterior doors/trimExterior paintingGarage shingles (barely any pitch but still has shingles)Garage slab 1" crash down the middle.Misc framing, drywall repairs, backspalsh, etc.I will update the list as I am sure I am missing a few items and provide more pictures after the renovations are completed.My initial estimate was about 70k in repairs. 

I know how much the plumbing, electrical, and gas would be as I just redid a bathroom in this house. 

Recently a few friends have suggested that I invest some money into the basics such as new plumbing and some cosmetic work so that I can at least market it for a higher price, however, I am hesitant to do this as I am not sure if anyone will buy once the updates are completed.

I would wait until you have at least 20 % down payment before purchasing another property, unless your main day job can help cushion the expense cost (vacancy, repairs, taxes, insurance etc).

Strip out the equity using HELOC's so no equity is available to entice a lawyer in the first place; get good insurance, and only if you are literally expert in property management should you be managing units yourself.

SEC 8 works like an insurance program for both the tenant and the landlord.