Here's some more context:Rehab cost about 30k.

When I have a tenant sign a lease they also sign a document for the cost of repairs when the lease ends.  

Partner Driven financed the W 136th Ave deal using its own capital, covering the $180,000 purchase price and $37,413 in renovation costs.

One bit of advice is scaling too fast if the market changes and factors out of your control (interest rates, job cuts, rent decline, job loss) have enough in reserves to weather those storms.

I've been contacted by a few victims, not an easy choice, even sharing litigation costs, you have a difficult to enforce judgment.

I will definitely weigh things regarding the environmental risks and the insurance costs.

Also a seller concession is a good tool to reduce closing costs and carrying more than necessary on the primary. 

@Crystal Sherman you can try to wing everything you do, but you'll eventually find it is efficient due to time constraints and costly mistakes.So, you'll want to create efficient processes for everything.

It has got very difficult to clean the carpets so replacing them every time a tenant leaves is no cost efficient either.

My quick analysis had the added cashflow taking several years to recover the cost of furnishing the unit on top of the added management required for a short term rental.