The following is a partial list of things that wear out or become outdated over time and eventually need to be replaced for every property:-Roof-Siding-Hot water tank-Furnace-A/C system-Electrical system-Plumbing system (inside)-Sewer service line-Water service line-Any concrete exposed to the elements (sidewalks/porches)-WindowsIf you calculate the cost of replacing each of those items and divide them by the expected useful life, then sum that up, you'll come up with a monthly amount that you can expect to spend on capex over the long term.

The home has had several updates: 2 kitchens, 1 bathroom, electric, HVAC, cosmetic.

I want the slate clean and maybe I can learn something I didn't know before.I want a cash flow first.

how are the plumbing, electrical and HVAC?  

Although it has all bedrooms upstairs, it does have an electric chairlift on stairwell wall and has wheel chair ramps throughout the back yard.Are there any organizations, or groups that I should be contacting to see if they need housing for their members' needs or is there a better way to promote this property to find the best tenant for it??

he said insurance is roughly 700 each yearly. he said tenants pay all expenses and pay extra for their electricity and water and stuff. what else am i missing?

Just gotta get it cleaned.

They say that Franklinton will be the next hot spot, but it's going to take a while to get that area cleaned up.

And having dealt with an indoor smoker rehab as my first I can say you WILL be in for some work/expense to get that place cleaned up after they leave. 

Additionally I am partial owner of People's Cleaning, where we provide a variety of services.