@Anthony Varela it's not a one size fits all answer. it depends your overall financial situation. you will not want have negative cash flow for sure even though it's in a class A neighborhood with tons of appreciation potential. a lot of investors got burned play this game in the last crash. a $500 vs $100 cash flow ($50 is too low in my opinion) really doesn't make much difference remember your end game is appreciation, cash flow is really icing on the cake. but it will make a big difference depends on how much reserve you have and how much other income you have when raining day comes. the key is to be hold it minimum 10 years by then both rent and property value will go up substantially yes they do go up hand in hand you will be in the position I am in today.

Some will burn incense, scented candles, or use air fresheners to cover up the odor before you come in.

With my hour commute to work and while at the office, I have made some significant progress burning through the podcasts, so those were EXTREMELY inspiring.

You never want to fix a house "so well" that the inspector cannot find issues, because they will poke holes in walls and leave them.......burns me up! 

You can find burned out landlords and people who wanted to sell but failed this way.

Direct her to this one.If she does not wish to use this (nor wait for you to address these minor repair issues...really; a burned out light in garage?)

If next door burns, good chance you burn too.So do you believe that we should be willing to pay more tax to help house the homeless.

Also pondering if I can do this again or burn the extra money on paying a contractor for the hard stuff: Footing, framing, roof, etc...

Nothing, big fat zero.What would my cash partner had if I wouldn't agree on that?

Be sure to fully analyze deals so your not burned down the road.Did you determine what the Fair Market Value for similar properties are?