This 3/2 house was purchased for $165K in Ocala Park Estates and should rent for $1500-1600 with minor cosmetics. 

This 3/2 house in Ocala Park Estates should rent for $1500+ with very little cosmetic updating.

Was off-market, the numbers made sense and it cash flowed. plus only needs cosmetic work How did you find this deal and how did you negotiate it?

"I really like this one" is likely to hurt you on a $400K house that needs this kind of emergency electrical surgery from the get-go, at your current experience level.

We added about 100K worth of value which included:- Exterior Cosmetic Work (Horizontal fencing, sign with building name, etc.)- Interior renovation (Updated kitchens and flooring) What was the outcome?

@Champ Leong as long as the work does not need permits and is basically cosmetic, then no issues.

Like @Jonathan Klemm said, appliances and cosmetic updates might be the best bang for your buck.

Of course, I would need to add a bit more in the repairs mostly cosmetic.

Did all the cosmetic work myself to keep costs low.

I figured out the maths, conjured the patience and performed my flooring surgery with the 'ol utility knife.