If it will take you one year or more to save then I don't think it's a good move.In terms of targeting homes, I would look at properties that have been sitting on the market for 45 days+ and find one that is under value, offer over list price, and get closing costs back at closing.

You are not targeting the right audience!

I am targeting $2000/m for rent.

Hello BiggerPockets community,As I begin underwriting smaller acquisitions targets in both Logan Square and Englewood, I find it hard to project anything beyond a 10% IRR, CoC above 3.5%, and an equity multiple north of 1.06. 

No targeted IRR.

., and if your target audience or buyers in your neighborhood are middle/upper class, own their own business and need an office, etc., they may desire that more and comps will reflect that.Most MLS listings categorize offices/dens/bonus rooms all together and is often overlooked or missed on Zillow, Redfin, etc.

Make SURE that you have a target tenant in mind and that the property manager knows what that tenant type is.

Nothing else really matters beyond this bc if there are no leads coming in, there is no business being done.My opinion, targeting FSBO/expired's is good, but should only be one of the multiple channels you are targeting with your marketing campaigns. 

Fire suppression system will be your major item to resolve.  

Leaving money on the table is a sin...And, a realtor's performance isn't measured by tasks but by how well the property represents the targeted market and buyer.