If they are, they will be much more likely to know who the most likely buyers are, which re-trade on a regular basis, which have performed in the past, and which are in exchanges or are otherwise highly motivated.

For example a dated kitchen with walls yellow from cigarette smoke and a 60 year old oven is fine, a kitchen that you can't cook food in is not fine -- even if it is otherwise modern, new, and clean. 

Scott,There are several items that you need to think about; common area cleaning, common area utilities (electrical at least), laundry room upkeep, fire alarm servicing and possibly monitoring, etc.

I spent the weekend cleaning it and getting a solid game plan in place.I am looking for suggestions on good roofer and a good plumber.The house is only 900 sq ft.  

For example, If you have a "regular" brokerage account, you can obtain a "portfolio line of credit", pretty much the same as a HELOC, and tap into gains without liquidating assets.

The next unit we will have to replace carpet and I'd like to clean up the moulding but hope not to replace. 

Please correct me if I am missing some line items here, but here are the working numbers for the property:+ Gross Rental Income: $150,000- Cleaning Fees: ($21,600)- Management Fees:  ($19,260)- Property Taxes: ($3,700)- Insurance: ($2,400)- Trash & Local Tax: ($650)- Utilities: ($7,200)- Pest Control ($560)- Supplies/Maintenance: ($1200)- Acct/Legal: ($1500)TOTAL EXPENSES = ($58,070)Net Operating Income = $91,930---Based on my limited understanding of the local CAP rates for similar properties in Philadelphia, PA 19106 it looks like 5-6% is a realistic number. 

Cause they will pull your credit score so you need to have a semi decent credit, also they will want % down, you will probably have to declare how much income you have per year and they usually like to see 2 years of stable employment This is for a regular conventional loan

I replaced the vanity, I removed the tiled walls but left it around the tub, which remained, added sheetrock, a nice border tile, new vanity, kept the toilet and had a clean nice bath for… $516.97.

Otherwise, make sure the property is in a good location and you spend some money/time to really clean it up initially and find good tenants, being 1 hr away isn't too bad.