We put a ton of work into maximizing the upside and improving the distressed properties and have managed to get annual NOI up to $90K. 

I want to help anyone investor who wants to help improve my community.

** I have attached a simple mood board to give an idea of the design scheme.

Spent lots of hours listening to podcasts and reading things, etc.. and I'm finally in an action taking mood..better late than never.Anyways came across something local.. did the math on it and its definitely not a great deal but seems like it would be something easy to manage myself, good location, ready to rent, etc. 

I'd have my first rental property, have 2 properties in my name, allow my parents to live rent free in a downsized home, improve my parent's financial situation.

I guess I will also need to invest 100% of the purchase price into improvements?  

On a 30 year, I will be doing 100 per month at current rent, and will improve when I increase the rent. 

An area with a high appreciation or great demand for rentals will mean your numbers improve every year.

(That would appear to cause a double claim of the expenses)Finally, regarding the $30,000 in improvements.

This is typically because the previous owner was unwilling/unable to make any improvements to the property.