This is the bare minimum; however I would recommend adding more members - someone to negotiate with the buyer and someone to take pictures of the property.

As a experienced investor of 23 local properties who did several BRRRR in 2008, those properties cash flow the least because I did the bare minimum of the front end.

I am extremely new to this so bare with me please. what initial steps had to be taken and what kind of credit score do i need to be aiming for before they take me seriously, currently i think im around 520 :( 

In Birmingham, for example, a $90k property is a solid B/B+ - but I know in other markets that amount barely buys you a linen closet. 

One thing that could clarifiy this and were the most abuse is .. is in the 1 to4 .. mom and pop.Maybe you follow like Dodd frank does in 12 states and make the rules for 1 to 4.. any commercial property bare land 5 units or more exempt.. and nothing required.. with the idea that the buyers and sellers are more sophisticated.. and its Caveat Emptor .

If you are there to do the bare minimum and get C's, it's a waste of time for everyone involved.

.$100K can go a long ways in some of those markets, but could barely scratch the surface in others.

And the answer is....it depends...depends on your goals, how active you want to be and how much you want to pump into the property.First property I purchased I barely bumped the rents (Maybe 5-7%) in order to keep the great tenants and avoid turnover costs.

My business was barely making enough money to keep afloat and I have not paid Sales & Use to the State of Georgia for 2016 or 2017.

Originally posted by @David Schwan:...This is a C property that is 40yrs old and needs about 20k in upgrades...Not really what you asked but what jumps out to me is that $1,000 per unit in upgrades barely gets you past the front door.