I pay the property taxes, and tenants take care of maintenance, insurance for their trailers, and all the utility bills. 

Now that you have 20% equity when you refinance the PMI will drop off you also can lock in a low interest rate that is not available to you if it's a rental vs occupied home.

Because adding in a modest 5% buffer for vacancy, the 10% for your property management, and maybe only 8% for maintenance.5% Vacancy: $1800 annually    /   -$150 monthly       10%  PM: $3600 annually         /   -$300 monthly8% Maint.: $2880 annually        /  -$240 monthlyMortgage, taxes, and ins

The property is going to need some aesthetic repairs in order to increase value.After reading the Bigger Pockets "The Book on Investing in Real Estate With No and Low Money Down" this seemed like a good strategy to get me going.

The reason for the low price points and high cash flow on paper is because they are riskier investments than buying in a nice area.  

Then he completes the application and his income is way low and it says he is self-employed.  

Many times my contactors call for big orders from Home Depot or Lowes so I can pay with credit card over the phone.Is there a way to get an account with HD or Lowes so they can put supplies on it?

Cash offers are at the top of the pile, then large down payment conventional, then low down payment conventional, then fha/va, then fha 203k/rehab loans are at the bottom.

Hello BPWe are in need of a handyman to take of small general maintenance issues.

I dont know why it appraised so low when I bought it, i was just happy to get a better return.