I believe in the beginning I will get a lower return doing this myself, however education is always paid for somehow, right? 

They bought several years ago though at lower price points, so I'm not sure how well those properties would pencil out with current pricing and interest rates. 

This can help keep you in a lower tax bracket each year, potentially reducing the total tax you pay.

This emergency fund should not only cover you mortgage expenses, but will give you a safety net in case something does go wrong after your tenants move in.

Looks like it is actually better for the owner as well since if the property management company gets sued and they don't have liability protection, they might charge the owner for the expenses. 

Cash flow will still be the same regardless if you expense the reno cost right away or capitalize it.

You should also thinkgholding costs, the longer you rehab, the more expensive it is because you won't have a tenant paying rent. 

Most (including us) are going to have a lower-end limit of $100K.

Think ROI… Your return is lower, but your investment is much lower.

Westchester 2-4 unit properties listed from January - May:2022: 2332023: 177 (Lower inventory likely due to the market adjusting to 6+% interest rates)2024: 274Lastly, since you're looking to acquire something with more favorable #s, you may want to begin your search with the "ugly" deals that have been on the market longer.