So you sell it low so the offers received are even lower.

New light fixtures in almost every room.

All in for low 30 thousands pulls in around 1150 a month in gross rent.

After our helpful movers and my cleaning lady left, I attempted to light all of the electric stove burners (stove was harvest gold, most likely from the 1970's). 

@Nathan Adams Unless it needs to be painted there is not much you can do other than paint...not sure but maybe a clean light gray.Some older 1960’s condos here built bIg planters out of wood and galvanized metal...very cute.

If some are very low you may experience a move out but this is simply part of doing business.

After some time due to some reason the rents in the neighborhood goes low, vacancy rates are hitting high and also the property price has gone below the purchase price.

Your PM figure is low unless you have someone in the 5-6% range like you are showing. not a ton of cashflow, but not bad if you are gona live there.   

Fortunately home prices are also low enough to the point that things can cash flow. 

That being said, I was considering building a low cost franchise opportunity to people who struggle, like single mom's and the elderly who live on fixed incomes, allowing them to rent an apartment from me and the could rent the rooms out themselves.With the right team I see a win win, but I wanted some feedback.