Collections are often like squeezing juice from a dry lemon. 

Pet was not lease and dog has damaged dry wall, doors, door trim and carpet.

Syracuse is very spotty crime wise, there isn't a cut and dry good and bad side of the city walk the area, talk to neighbors and get a feel for where you are buying (unless you don't care about that).  

You might get to charge for cleaning if there is a dog odor or hair everywhere still.    

The next stage in the matrix is called land development which consists of horizontal physical improvements like grading soil, installing wet and dry utilities, street improvements and flatwork (pouring streets and sidewalk, etc.). 

An STR with a high occupancy rate will typically lead to higher monthly revenue but you might have to deal with months during a slow season where the revenue dries up.

Did quite a bit of clean up and tree clearing on both lots, filled in a dry pond, removed an above ground pool buried in the ground, added a bedroom from an existing open space, joined an extraneous dining area with the living room to make a great room, painted the barn.

TL;DR - I am brand new to real estate and am weighing options on buying my first property that I can use to set me up to buy a full rental property in the future.

I have looked at these along with dry cleaners and clothes washing centers.Came to the same conclusion on all.

Morning Ken, to clarify my COC ROI would have been a hair under 8% if my price would have been accepted (home was in Sherman and I'm bullish on Sherman for specific reasons).