At the moment, damages were relatively light to the property, and I do have a security deposit that I can use For those and to also apply what’s left over for missing rents.

However, a few of her comps she shared included: - Properties crossing major streets- One property pending (NOT SOLD)- One property sold, but over 350 sq ft apart in size from the subject propertyNow I'm not going to say I get it right every time.

I think that while what you want to spend all-in on this project is somewhat possible, you will end up with a very management heavy property at the end and shouldn’t expect the best tenant pool.

It sounds more likely that you managed by luck rather than by design over that time, and that's not at all usual for "mom and pop" operations, but they also often end up spending more and making less than they would with a property manager because of poor management.

@Wesley BryantI’ll be a contrarian here…Based on 46 years in the industry…Any proforma or projection of returns are by definition based on a whole slew of assumptions the investor has little or no control over.

Technically for me, I'm trying to get into real estate investing in order to gain financial freedom and to spend more time with my family and also help take care of my family.

I end up with quite a bit depending on how many times I drive over, but the address of the property supports the deduction. 

Yeah, I actually just did that on a very large deal that I had that I couldn’t take on, but I was screwed over and they ended up stealing the deal away from me and taking everything even though they said they were going to pay me for doing everything for them and finding it for them and all that.

Did your tenant decide to hold over another year?

Your numbers and your realtor's numbers are obviously more hopeful than realistic based on the evidence.You are either buying in too high or spending too much on reno.