The minimal set of appliances for the area. 3) What type of improvements should I be comfortable doing myself vs contracting out besides electrical/plumbing/HVAC?

What is the minimal amount of money that I can use to start purchasing my first property to buy and flip???

We prefer to minimize our calls from "I'm just curious what's this all about?"

I bought this house with almost nothing down so my initial investment is minimal.

I believe it will largely effect that segment of the market with some but minimal crossover.

This minimal return is usually not worth the effort for me, so I just wait until I have to replace an appliance.

The cost will be minimal.

I suppose you all are going to say the chances of this happening are minimal, etc.

Fixed operating costs (taxes, insurance, minimal heat) and debt service do persist regardless of the revenue stream; this is why one creates a "vacancy & credit allowance" when budgeting or analysing a property .... it is also why lenders like to see debt coverage ratios (DCR) of 120+%.You are basically asking at what point of missed revenue (vacancy or bad debt) will by boat cease to float.

The property manager fee needs to be paid for with IRA funds - they can take it from the account they maintain, provided they supply a corresponding invoice to justify the expense.Keep in mind, any non-disqualified party can be the property manager - perhaps you have a brother or acquaintance willing to perform these duties who will not charge you a fee, or charge a very minimal fee for their time.