Pool, playground, property mgmt on site.From P&L:Gross Rent Income  - $492kGross Total Income - $554kTotal Expenses - $320kThe owners will sell at $2.5MResearching the area, it's definitely not the nicest area of town, but it isn't the worst in Austin either.

IF, i were to pay contractors to complete the work, i would add at least 50% to that total if not more....IS IT WORTH THE REHAB?

That's what they rely on the lender to do...

I’m planning on taking the 90 hour training course so I can sit for the exam and no longer have to rely on realtors for open houses, MLS listings, etc.

It was an inherited tenant that stayed a total of 23 years (23 years of heavy smoking).  

Hire or partner to bring in the right people; again totally worthwhile and will save you SO much stress and headache.5.

For some renting a "private room", they can use basically the entire house excluding my master bedroom.If you have 2 extra bedrooms you could make two totally separate listings - one for each room.

My goal is to obtain $70,000 in passive income with a long term buy and hold strategy withing the next 10 years.I want to achieve this so that I can comfortably travel the world and gain life experiences, spend more time with friends and family, and pursue any other goals or interests without having to rely on a full time job. 

Total face lift, looks great!

What I mean when I say that is that a bank will not automatically give you the total of your HELOC.