Purchase price: $240,000If “being thrown in the deep end” was a project, this would be it.

Clean financial records to not prolong the closing proccessRehab cost Over estimate your costBe very clear on what you want to be done and why Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

It was an issue I was aware of and willing to accept.Our kitchen sink had been draining slowly since moving in, so I removed the p-traps, stuck a shop-vac in the trap arm to clean out as much sludge as I could, and reinstalled new traps.

I really dont delve  into it that deep.

Cleaned up property fixed door and ceiling What was the outcome?

Now that the area is cleaned up, we purchased another house on the block with another neighboring lot under contract.

Its trial and error unless you can get a referral from a trust worthy source.You can read reviews for cleaning companies.

When you have vacancy, even if you can fill it quickly, you're often having to clean/paint/fix things and that could cost you a month's rent, even if you don't actually have a month-long vacancy (and if you're paying a mgmt company, they're probably taking a month's rent (or half) every time they re-fill, so that vacancy number can get up there).I think $5K/yr for CapEx and maintenance could be a good number, but it all depends on the condition of the house.

Collections are generally not super successful but as new homeowners they may want to keep their credit clean. 

You can see if the animal is doing any damage or making sure they are cleaning up yard waste, etc.