I also wouldn't try to calculate cap rate and cash on cash stuff until you know what you'll spend on upfront repairs, even basic paint and carpet could be $3-5k per unit or more.

Who knows <shrug>Paint ceiling midnight blue - affix glow-in-the-dark stars...

I am enjoying the cash flow and doing some maintenance such as exterior painting, AC tune ups, upgrading ceiling fans, etc.You can hope for a housing correctIon or a 2009 like stock market crash but neither are very likely anytime soon.

Recently painted and new carpet in bedrooms make this the perfect investment property or starter home.

Hey @Carolyn Martin - If I were just starting again, I'd probably look for a duplex that needed a little bit of work (paint/carpet/smells.)  

I am always dressed for some type type of labor, even when showing my properties, because I am a do it all yourselfer type and there is always something that needs to be done around my rentals from lawn mowing to painting etc.   

My parents and other relatives stepped in to paint and replace carpet, it still stunk.  

The three are estimated to be sold in the range from 54k-65k (with assessed values of 90k-99k) and two of the three claim to be newly renovated and painted.

The roof and exterior paint are about five years old and the interior of the house was re-painted this week.

"Any advice possible" could cover everything from how to get bids from contractors to what color to paint to how to write the listing when you finally list the property for sale.Do you have specific questions?