The house needs cosmetic fix up.New PaintCleaned up New CarpetThe previous owner had a cat and smoked cigarettes in the house.

If you have time to devote you can make the numbers work some places, but you really have to go there and spend time, develop relationships, get to know brokers....it's a ton of work and a ton of travel.  

-Clean Dryer Exhaust Ductwork-Clean Refrigerator Coils-Clean Dishwasher-Clean Shower Heads-Inspect Sink & Toilet Fixtures for Leaks-Replace Air Filter-Re-Caulk Tub/Shower & Bathroom Floor-Flush Water Heater-Lubricate Garage Door Bearings-Replace Batteries in Thermostat & Smoke Detectors-Inspect slab for signs of termites; trench ground with Termidor every 5 years

Make sure you include the bed bug addendum, lead addendum, mold addendum, water heater/smoke detector addendum, plus any other ones relevant to your property.

I can see by your expense list.When you become a grown up you will see a list like this:Mortgage  and insuranceCar payment and insuranceGas billElectric billTrash serviceCable billInternet billWedding costsKids and costs associated with them- club soccer/ travel baseball/ private schoolYou get what I am saying.At this stage in your life you are doing really well.  

Change filters, check smoke/fire aarms, check for mold and over all upkeep of property, check all plumbing for leaks.

He is a new traveller with no reviews. 

I have family in the area and travel out there at least a couple times a year.   

These are my results:Purchase Price: $336kDownPayment: $90k (including closing costs)Reno: $97kCarrying Cost: $11.5k (Not including missed rental income from huge delay or mortgage payments- but does include travel expenses, all utilities during reno time,insurance)4 units: rental income $5600

I’m in a smaller city so I’ve thought of traveling somewhere but not sure yet.