@Jordan Vires without knowing the property (or seeing it) I'd generally say to put $250 - $300 per unit per year away for capital improvements reserves. 

Margins on new construction are just not that great right now even though they are improving but I think most or many are struggling to hit the teen's let alone above 20%.  

Pretty cool gig if you ask me.However, there are programs that FHA sponsors such as an FHA 203K, which allows you to purchase a home AND its improvements/renovations, and put a total of 3.5% down.

If you're finding deals everywhere, your criteria needs to be improved.3.

My full-time career is in operations and process improvement at Amazon.com, but I love real estate and have always been interested in real estate investing.

Is there a good company that specializes in improving credit, specifically for businesses, that anyone knows of.

Go down (or call) to your local lumber yard and or home improvement store and tell them you're looking for a framing crew.

There is a lot of home improvement activity in this area.

I think doing that, at a 4.75% (or so) interest rate instead of the owner financed 8%, my cash flow will improve to an acceptable point.

That is a gift.The ability to spend each day deciding how to spend my time, bettering myself, improving my business, and how I add value to those around me is wonderful."