Long story short, ended up buying the property after getting to know the owners who were cleaning up when I went over to ask them permission to cut down the leaning branches toward their roof.

Do you happen to have long term % of gross rent of combined maintenance/repairs/turnover costs/CapEx  ?   

Finally, be prepared for long timelines and budget flexibility due to the permitting and approval process.Good luck as you grow your portfolio!

I do have some investment experience and I'm currently managing 1 property, all the numbers are great and there's a good amount of cash flow and long term growth so I'm not a total green horn. 

Instead of losing 55k they will probably only end up losing $25,000 - $30,000Long term its not a great cash flow property but with some renovations and addition of a parking slab I think long term appreciation is the big goal here.

Regular coffee maker is fine, as long as it has "pause and serve."

My one tip would be, its not about getting wealthy quickly, but more long term.

Conveniently located in Bryan TX, within walking distance to A&M Bus stop and a short 5 minutes drive to College Station, home to the largest university in the state, Texas A&M.

Our bank will let us use equity that exceeds 25% across multiple properties that are either owned free and clear or where they hold the first so long as the deal still cash flows with however much cash is brought to the table.

So, an investor could easily cashflow right away.Those days are over.Landlording is a long-term play.