Let us come to the City and talk politely about the business models of housing providers so that you can be better informed.

Property 1:Purchase price - $73,000Mortgage - NONE (Paid Cash)Monthly Rent - $875Monthly Profit - $580Property 2:Purchase price - $65,000Mortgage - NONE (Paid Cash)Monthly Rent - $950Monthly Profit - $750Property 3:Purchase Price - $107,500Mortgage - $80,625 Monthly Rent - $1300Monthly Profit - $435Current Cash Available - $110,000Current Available Equity - $96,500 Cumulative Total - $206,500The available equity was a HELOC loan that was given at 70% LTV so those are real numbers, they would be from property 1 and property 2.The reason im typing this is because I would like to know if there were any builders that could give a rough estimate of building cost per square foot in Kansas City area or suburbs.

My point being what is so much is dependent on the age of the homes, what they are worth on the open at a fire sale discount and what are they worth to you? 

So how did it all work out? 

@Milian Bonillo Sorry it took so long to reply but I appreciate that and I'm gone check it out

Expenses: $1,225 (Mortgage, taxes, insurance property management)Rent: $2400Cash Flow: $1,175Overall I'm looking for a low barrier to entry, and will be screening prospective tenants myself so I'm not too worried about the area being not so great.

So I live in the south bay of Los Angeles (Torrance/Harbor Gateway).

Refrigerator temperature too high, must be no higher than 38 degreesSounds like you could have issues with #6 and #7 so I'd suggest fixing those before the inspection otherwise you might have to wait for a second inspection before you can pass and start getting paid. 

I am not too kin to pay it all before the renovation work has been completed and have negotiated to keep 15% to be paid when renovation work has been completed, so that the seller has an incentive to complete the work adequately.

They will move on and look for the next person who isn't smart enough to figure out what they are up to.It's highly likely that if there was a claim on your own policy it may not be covered if it was being sublet for a separate commercial purpose (AirBnB, etc)... so I would be really careful about making sure you are covered insurance-wise.Proceed at your own risk, and all the best!