Here are the details on the propertyJanesville, WI4 unit; 1b/1b eachAsking Price: $100k (Also assessed at 100k)Rent: $2300 totalLandlord Costs (Gas, Water, lawn/snow): $303PITI: $832 (after Refi with loan value 98k)Vac, Maint, CapEx, Mgmt: (8,10,8,8) $782Repairs: 17 yrs SMOKE DAMAGE; new roof; new windows; Kitchen updating - Estimated: $25kMy only comp is another seller with 4 unit; 3 units with 1 bed, 1 bath; 1 efficiency; who said they were putting on market for $160k (though assessed at $115k).

So back to the house.It needs some carpet in the living room, some painting, and the back deck needs to have the roof fixed (the more expensive part of the necessary work).

@Jay Hinrichs I agree ADUs definitely offer a great opportunity and I think is the most feasible in this market as multi-plex prices are through the roof. 

Roof is at least 25 years old.

I need to replace the roof on a few of my rentals. 

I have a thought I'd like to run by you all to see if you think it's actually doable.I have a goal of having 1,000 rental property's here in Oklahoma in the next 25 years.Here's the breakdown1,000 rentals all bought for 120k or less after all expenses1000 rentals renting for 1200$ per month on avg1000 rentals each at 600-700$ monthly mortgage1000 rentals will $2,500 or less property tax each year1000 rentals with insurance costing 1,500 per year or lessNow let's run the numbers1000 rentals 20% down on a max of 120k = $24,000 per house or 2.4m for allProperty management fee monthly $120,0001000 houses with $700 30 year mortgage = $700,000 monthly1000 houses with insurance costing $1,500 a year insurance = $125,000 a month 1000 houses with $2,500 property tax each year = $208,333 per month Total costs = $1,153,333 per monthTotal revenue = $1,200,000 per monthTotal cost for 1,000 property's out of pocket over 25 years = $2,400,000Total value of 1,000 properties 120,000,000Monthly profit after the 30 years would be though the roof at $453,333 a month.I know theses numbers are really rough but the only one that's 100% for sure is the 1,000 rent houses.Do you think this is too crazy to achieve?

The common areas, pool, roof, etc are association property and not on your balance sheet.How much did you pay for the property?

The home had a new roof last year and everything else is original to the time it was built.

Come on folks did you really you could get a roof installed on a property for $8k using American workers?

So I started racking my brain trying to figure out what I could do.