@Matthew Bailey I have a house going up now that is 19’ wide and 75’ long and the floor plan is nice.

After that, my PM spent time in cleaning the property and listed the property around early/mid Jan.

We spent some time learning how to do repairs around our property, and used our salaries to pay for flooring, or paint, or kitchen cabinets...and when we sold, we made some good tax free money.  

I found out that there was a messy situation between tenants on the third floor (two young women, on is a mother of a two years old.

Things we've had flagged in the past are having dual sensor smoke detectors installed, all windows must open/close, torn window screens, functioning garage door, fire extinguisher present in kitchen, floors/walls must be in good repair, 2 prong outlets if no grounding wire is present, etc.

Issues identified during walkthrough on 4 March 2019:3/1 unit - actually 2 bedroom, 1 bath - ‘3rd bedroom’ is actually a den. 2nd floor bedroom has sloped floor.1/1 down unit - water damage in bathroom ceiling, no bathroom sink, no bathroom light fixture, pipes recently froze1/1 up unit - low water pressure, possible water damage in living room ceiling, damage around entryway from living room into kitchenAs the property isn't of the quality we would like to live in ourselves, in addition to not wanting to ask the 10yr tenant to leave, we're looking at this as a full investment property that we would manage ourselves.  

Being new to this, I was really naive and thought, ok, we can replace the windows, remodel the kitchen and bathroom, and resurface the hard wood floors.

And my rentals are q-tip clean...something everyone appreciates.

Platinum Seating Level (On the floor)3.

You will also want to understand common area maintenance, especially if you are targeting 3 units or more (lawn care, snow removal, cleaning and upkeep of common areas, etc) and understand the parking situation.