I’ve gotten quotes ranging from $6,500-$12k to repair and waterproof the exterior walls, plus there's the added cost of repairing and repainting the inside walls.

I would imagine if your stick with it and become a stellar host (especially in an area like Pittsburg where there are countless reasons for folks to be traveling), you will eventually see the gold.Our experience right now is bookings are DEFINITELY softer than when we first started and competition was fewer.

Its a gamble to go the permit route or not in Philly and absolutely matters the neighborhood/your neighbors as they are usually the folks that will call L&I on you OR if your property is near other construction sites where inspectors would be traveling to/from.

Other exclusions are roof replacement, anything requiring a permit, exterior painting if more than 5% of surface, "maintenance related to the garden, lawn, or landscaping," anything covered by any of the various required insurance policies, etc.

You might get it for $400,000 if you have that much cash, but it likely won't go for $50 or $100.You can read some of your state laws here:https://dor.sd.gov/government/county-treasurers/Don't ever waste your money on a nationwide trainer or a travelling road show in a hotel ballroom. 

Every day my team and I are making massive progress in REI and I already have the freedom to travel back and forth anytime I want.  

Its a gamble to go the permit route or not in Philly and absolutely matters the neighborhood/your neighbors as they are usually the folks that will call L&I on you OR if your property is near other construction sites where inspectors would be traveling to/from. 

I'm not looking to scale tremendously, just looking to have enough passive income once the rental properties are paid off that my fiance and I can leave our jobs in the automotive business and find something less stressful and more fulfilling, live a little slower, and travel more.

It is coming in the exterior from what it looks like.

Our management company currently collects a traditional deposit from all tenants, including traveling healthcare professionals.