You'll also have a lot of additional expenses associated with cleaning and providing services, as essentially you're running a small hotel.

How much cleaning up is there to do.

I have a 13 year background in electricity and construction along with my real estate license.

My mate & I are helping him out with the cooking, cleaning, chores, errands, shopping, laundry, & hauling needs... but we can't do much else. 

I can be reached on my cell at any time because we handle emergencies plumbing, electrical etc. 

I prefer laminate in my rentals because it looks better, lasts longer, is easier to clean, is cheaper in the long run, and is a desired upgrade for most good tenants.

We also were able to convince our buyer to kick us back $5k right after closing as a "cleaning and touch up fee," and told them that we'd paint the place and replace all carpet for doing so.  

I was introduced to real estate via my cleaning company joining a team rehabbing houses.

Clean updated home for 30k.  

I had trouble finding a reliable carpenter but could give you some referrals for electrical and plumbing/HVAC.