Make sure you look at the electrical to make sure it’s not knob and tube as well as the breaker panel.

All new electrical and every old piece of wiring removed.The roof was leaking for years, found out after we closed.

Right now we are averaging 55kwh/day driving the electricity bill up to 400 last month.My issue is that even though the electricity will be in the tenants names next month when we move out if they run the ac 24/7 our bill could be upwards of $2000 a month.

Remember to tread carefully right now until landlords get some power back with courts and all. 

Some things that are not obviously seen when walking through a home for the first time could be upgraded electrical, plumbing, foundation work, or roof work.

In my area when you advertise plumbing, electric, hvac, general contracting etc.

You can get into your first property with as little as 3-3.5% down but when you factor in closing costs, attorney fee, inspection, appraisal and miscellaneous expenses, you're looking at an ALL-IN 10% up front expense for your first deal.In addition to boosting your buying power through saving and building your credit, you should also be building your network.

The risk is much less when you can cash flow, I just think appreciation, at least in a market like mine, is super powerful for scalability.

For example, most 4-plexs for individually metered electricity and gas therefore the tenant pays for them, however the owner still covers water/sewer/trash which can be a couple hundred dollars per month depending on the area.

Never underestimate the power of local relationships, boots on the ground agents, and intimate local market knowledge!