April 15th - Older 3 bedroom one bathPurchase Price - $500 + back lot rent - $212 + back taxes - 379$ Real Cost - $1091Rehab cost - $5600 - New Kitchen, flooring, paint and other minor upgrades Total = $6691Lot Rent - 187$Mortgage - paid cash Insurance - $350/year or $30/monthProperty Tax - 653$ per year or 55$/monthRent - $ 750 / month$ 478 - left every month for the account.  ** This property still needs an upgrade to the heat system that will be $2000 and has to be done before Oct 1st**In June, I saw a property listed on Facebook marketplace that was in rough shape. 

I have no intention of selling the condo anytime soon, so it’s very possible that in some number of years I will be upside right from a total investment perspective.

I'm not totally green to the life of a landlord, as I have managed my dad's 4plex property since I was a teenager.

In the end, due to the "great news" they found, they ended up not installing an overhead sewer line or digging out front to attach the downspouts to the mainline in front of our house, but instead, redirected some of the existing piping and doing an edited version of the proposed plan that more heavily used the intact mainline under the house.The end result has seemed to be a resolution to the problem (so the ultimate purpose of the work was achieved), but with what I would estimate to be about 50-70% of the total proposed work.

Hey y'all,Total newbie here.

This tech is also totally VR ready. 

I think you totally missed the part where I said he's NOT LIVING THERE. 

To be totally honest, the time to buy there was in 2011-2012.

Experiment budget is currently set at around $50-80K total up-front cash outlay (i.e., combined pool for downpayment, rehab, professional services, etc.).On that note, I'd assumed I would use leverage and have estimated 25% down, but I'm open to interesting cash plays.I 100% insist on using property management, and all of my planning includes that cost.Ideally I'd like to hit ~8+% cash-on-cash return after all is said and done (taxes, payments, repairs, insurance, PM fees, capex, professional services, estimated cost of vacancy and turnover, etc.).

I am currently trying to obtain all the monthly costs to come up with a total monthly cost, I have more most of them.