@Amar Sonar Every house is different in what is required to bring it up to rent-able standards so giving an average cost of rehab is too varied. 

A good camera or a new smartphone with a cutting-edge camera may trump the need for a laptop, but if you are seeking a laptop I personally like the Microsoft Surface Book - its lightweight, its got a touchscreen, it got a good battery and decent entry point for a decent machine. 

@Sunil Kapoor  The closing costs look fairly standard to me. 

I've read multiple books on investing, I've worked in multiple fields of real estate (Leasing agent for 3 years, real estate sales agent, property manager, and community association manager) and i'm ready to put my knowledge to work for myself instead of others.

You need to read a few books on the subject.

Amanda HanBrandon HallTax Reform Update – Brandon Hall and Amanda Han Linda Weygant GuidesUltimate Beginners Guide Forum StickiesBP Calculators or spreadsheets uploaded by membersMy Favorite Books I have to say all of the BP books…right?

I could answer your long list of  questions here, but I would have to write a book...this isn't the format for a written explanation. 

Rhett Z Begley 1) Speak with an attorney regarding entity formation and asset protection. 2) Once you have that figured out, open a separate bank account. 3) Be very careful not to co-mingle personal and business funds. 4) Keep great books and records.

2785 without management company.If i take a standard mortgage (20% down, 30y term) the P&I is 6187, which means this property will lose money.If i just plop down 1.5M in cash I get back 4% ROI with mgmt company, 4.5% without. probably worse as i have not budgeted for maintenance above (how do I do that)?

Through a number of books and podcasts, I became convinced that buy and hold real estate is the best way to go for my financial freedom goals and I have been trying to learn as much as possible over the last 3 months.