You need thousands of dollars in reserves, per property, to make it with rentals.

When you zoom out and look at the big picture every rental property needs a total gut rehab every 30-50 years at about $50-$80 per square foot, which will long term wipe out all your cash flow and then some if you don't have corresponding appreciation to offset.I have been investing in Milwaukee for 15 years and it took me a while to see this pattern.

Any suggestions on which method is a better way to furnish a rental property? 

- but you can find them online by googling for them (if no better option).  

ThanksI agree with this statement as it relates to vanilla real estate investing IE buying rentals or fix and flipping wholesaling etc those are all basic concepts that are not terribly hard to figure out..

In a cash scenario, they’re only looking at the finished project and the rent its generating.All that being said, if I were you, I would start sooner and just do a straight up rental property with a loan.

A lot of people make a spreadsheet just to use it to take properties from online into the spreadsheet.

Now both sides are long term rentals for me.

Bidding is usually online, at govease.com. 

I would rent it out and then do a cashout refinance based on the new rental income, DSCR loan.