I have a aunt in law and they do well with it even though they are in a rural area but they do live close enough to a water park that can help with getting interested customers.

The house went under contract pretty quick after they turned down my offer.https://www.redfin.com/OK/Midwest-City/4416-Bonapa...Below are the numbers:Purchase price: $53k(20% down $10,600)Rent: $825(may have been able to get $850, wanted to be conservative)Taxes: $55Insurance: $65Closing Cost: $3500Vacancies: 5%($42)Repairs: 10%($83)CapX: 10%($83)Property Mgmt: 10%($83)Mortgage(4.75%): $222Cash Flow: $195So at this point I am happy with the cash flow number and really even paying $55k-$57k the cash flow looks good.Here is the part that I am having a hard time with, ROI.I Estimated that the repairs would be $5k-$10k before getting it rented.Flooring: $2500Kitchen Cabinets: $2500(prob the worst part of the house)Interior Paint: $400Fridge: $750Dishwasher: $500So at $5k repairs ROI: 12.3% (good); however at $10k repairs RO: 9.7% (bad).

Note, it is not like I don't know this which is why I only refer my customers to one of two local highly established rock guys. 

My own career history includes a related incident,  a low-income customer was scraping for every penny to get into a very old farm home that shared a septic system with the adjacent newer home built by the same farm family.  

Turns out the vanity isn't a standard size, so a new counter top would have to be custom made. 

Tow all their customers away.  

If I owned a management company I would rather have a customer with 1 god property that is hands off, trusts me and is cooperative than a customer with dozens of properties that is difficult to work with.Frank

Overall, I try to remove opportunities for defects in the process by getting fewer possible chances for a problem..glass top for me with cabinets above (common) or just something slippery or heavy dropped, and shatter city, seen a few of those free on Craigslist..if in doubt explore what the same type of rental in your area has, just check the photos in listings! 

Landlords are still in the customer service business and we should never forget that.  

Since this is my main interaction and first with my potential customers, I wanted to get a good design so I paid professional design company to create one for me.