Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

@Brian Garlington  Cap rates are only one tiny clue to finding possible areas to invest. 

For myself, I spent years trying to crack open the REI nut in my area, but never got to the nutmeat until I turned to out of state turnkey investments, and I haven't stopped investing since.

Sidewalk cracked up so I would like to re-do the drive way. 3k for driveway?

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

I had one customer not do this step for several years before there was a problem, then his vacuum cracked due to the water inside it one winter.  

These are things I don't believe the old landlord would have left unattended before renting the unit out to her, like cracked/loose countertops and broken closet doors.