Having your family keep an eye on it is a good idea, but for dealing with the tenants, maintenance, etc., you may be better served with a PM.

There are different nuances to each market , and one tip that I picked up here is while you are saving money for your investments, start driving / visiting areas you would like to invest in so you get a feel for prices, rents , house conditions etc, and visit and look at lots of homes and open houses so your eye get used to looking at repairs / upgrades that are normal in a particular market.

., I've got my eye set on the main line as well, so let me know if you see anything amazing out there that you have to pass on :)

Thank you,James use a quality primer (like Zinser bulls-Eye, 123) then your choice of paint.source: deep brown, deep brick red, some bright orange, blue and indigo, house with dogs...

From memory, that's HUD, meaning at least a 7X10, 7+ ceiling over that space (as attics are converted) and a window and closet.Might check on appraisal guidelines, same as HUD, but what is given value for a bedroom may vary in the eye of the appraiser.9X9 is a common small bedroom, but it must have a closet and the window. :)

In the end the seller has to be motivated, I would keep an close eye on the property and keep following up with the broker. 

There is more to it than what you read on websites or meets the eye.

Lesson - always keep your eyes and ears open for potential investors and partners.

Security system, lights, fencing off the property during rehab, talking with neighbors to keep an eye out, etc.

So, we're keeping our eyes open for our original criteria but also know acknowledge that sometimes it makes sense to upgrade especially when everyone else is looking for what you were originally looking for.