if the electrical needs to be updated, that is OK as long as that is factored into the numbers, and as long as you have someone competent to do it.  

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Please provide updates in a year to share your continuing story. 

If in a tenant-friendly state, the Payment Plan may make sense - but only if tenant signs document stating specific payment dates & amounts and can update their income info to prove they can afford the payments.

Update!

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Live in one unit and update it while you rent the other unit, then once that is vacant, move into that one and repeat.With renos, don't go overboard especially if it is a rental. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.I just gave a list of my recommended reading to another poster, but will happily post it here again.Personally, my short list of books to explore:Set For Life by @Scott TrenchRich Dad Poor Dad by Robert KiyosakiABCs of Real Estate Investing by Ken McElroyABCs of Buying Rental Property by Ken McElroyLoopholes of Real Estate by Garrett Sutton, EsqTax-Free Wealth by Tom Wheelwright, CPAThe Power of Zero by David McKnightREIT Investing for Beginners by Lawrence SmithWhat Would the Rockefellers Do?

I got lucky that the tenant wanted a house in my neighborhood to keep kids close to their schoolsHouse was listed for 1750, they offered 2250 but I declined , so they offered $3k, ended up renting the house for $3250 ($250 pet rent) per month, for 3 month, open to extension if needed.I met the tenant and did the background check on them, I felt comfortable renting to them THD takes time with approving the property, but they were quick to approve the lease, and they sent me the checks the next day after lease signingMy house is not furnished, and they were ok with that , they actually work with a company that provides furniture for the tenant, and they coordinate the delivery and setup of furniture on the lease start dateOverall I like the experience working with them , but hey today is day #1 (out of a possible 3 months), so I will update this post if anything wrong happens or if I notice any red flags

Bathroom/kitchen update?