Yes, if you are confident in your numbers....particularly the repair/reno numbers. $20k is not much and will be eaten up real quick.

You'll likely have inspection related repairs every year.

if there is lots of interest, they can say to you "that's a nice list of 'issues' your inspector found - give me asking price, or find another property. i'm not making any repairs or lowering the price."

Your income is Sales priceLess Purchase PriceLess Costs to sell propertyLess renovations/repairs/holding costs.You mentioned having partners. 

(My contractor often just answers these calls and makes the necessary repairs without me ever knowing).

I did this to build rapport I did not need to do this since my landlord in my lease is responsible for all repairs that are not caused directly by me or my guests.

However, since the repairs took a few days and the appraisal took even longer, the loan came out of underwriting.

That means if you could get $6,250/mo, have zero repairs, zero maintenance, zero capex, zero vacancy, provide zero lawn/snow/landscaping, pay zero utilities, and pay zero management.

There is no compensation, I am responsible for moving the storage building, there is no mention of repairing my asphalt driveway, and most importantly they state the north fencing will be taken down and not replaced as it is encroaching on their property.

She bought a condo with lower-than-average dues, but a few months in, the HOA announced a special assessment for roof repairs.