Paint the walls with primer and a top coat of paint that is easy to clean and suitable for damp areas, such as a good quality paint with satin or egg shell finish.3.

At SXSW I saw one of their people and they said they will have the ability to get bids on jobs like cleaning, painting and such soon - I assume this is how they make money. “ Ben TravisPros: they are new and offer free operations for landlords and tenants Cons: new company, not mentioned on BP much Cost: “We get paid by service providers - like insurance companies, plumbing companies, screening companies, A/C and heating, moving companies..... oh you get the idea.

At SXSW I saw one of their people and they said they will have the ability to get bids on jobs like cleaning, painting and such soon - I assume this is how they make money. “ Ben TravisPros: they are new and offer free operations for landlords and tenants Cons: new company, not mentioned on BP much Cost: “We get paid by service providers - like insurance companies, plumbing companies, screening companies, A/C and heating, moving companies..... oh you get the idea.

With the remaining funds  i would make some basic cosmetic improvements to the side I currently live in such as flooring, paint, etc.

And we get closer to what people talk about as "passive income" (fyi, self managing has never been totally passive for me as I am pretty hands on shoveling snow and painting etc)....I know for me I basically develop a working relationship with the property and the people within a year or so... from knowing the sound of the sump pump working correctly to knowing the proclivities of the tenants. 

I found some old knob and tube wiring in the basement; saw a good amount of asbestos insulation around pipes and some lead paint in the basement.

I refuse to touch another house again, my last house I spent less than an hour of my own time "rehabbing", I hung a mirror, replaced a lightbulb and touched up some paint on a door lol. 

what about lead paint or asbestos concerns?

You can't really paint the scenario with one brush - lots of transactions are different.

Caulking cracks and painting is something you can do with your cash flow.