As Nathan mentioned in his post, the monthly income could potentially be something you don't always stick with depending on how well the tenant fits into your other requirements.

@Patrick PhilipThat depends on a few but very important factors. 

It depends on many factors: net worth, risk tolerance, future goals.

Also, depending on the outer exterior block used- it could be quite weak.I echo what others have said about plumbing and electrical.

They will still require a down payment in the 10-20% range depending upon your experience.

@Dung Nguyen that really depends on what you plan on doing.

@David Harley here's what i see:-Vacancy needs to be about 6-7%-Cap ex needs to be 4% minimum-Management needs to be 10%-Repairs need to be 10%-factor in utility bills, depending on who pays what-$812/m is a weird rent rate.

This can be said for any portion of your rehab project.As to the order, it all depends on your SOW (scope of work).

It depends on the box size, where it is at location wise and demographics, site lines, access with cross traffic, and if dark but current tenant still paying or totally vacant.Smaller box sizes usually have a long list of tenants waiting to go into the spaces in strong markets.

I decided to work with different housing programs to have a dependable stream of income.