I guess it is a number thing, which leads me to one last question (I promise not to bug you too much):  How do you allocate your time efficiently; is it heavily invested in crunching numbers and finding the right piece of property to invest in, or do you spend more time on the rehab component of the project itself?  

After you get that commission check what do you spend your money on to improve your real estate business? 

I even spotted a brand new master electric control panel outside.

If your roof is near the end of it's useful life, you might be able to spend a few hundred on repairs and get a few years out of it, but you'll need to budget for a new roof sooner than later, so work that in to your budget and see if the numbers still work.

If you don’t have 3-5k a month to spend on marketing I probably wouldn’t try wholesaling.

It's better for you to spend some money solving the problem than by storing it. 

I ask to meet dogs to see if the owners control them well or yhey are agressive.

Ideally you would shoot for as high as possible 2% being the golden number.If you want to be a investor you will need to spend a few months researching finances, income properties, investing etc.

@Christine H.To me, it would be a dealbreaker.Buying a multifamily on the basis of price appreciation is speculation.House price could keep rising and you end up making money (recouping some of your loss in the meantime) or there could a downturn and you'll lose more money when you decide to sell in.If you go ahead with the purchase of that property, you would have to feed that property with cash _every_ single month.Any expenses that you failed to initially account for will have to come out of your pocket.Increasing the rent might be difficult especially if you have tenants who have been living in the property who many years, because of the rent control.

Live in a unit an renovate another unit.So I thin the 22.5k that Home Depot is charging for cabinets and top are out of this world.I also don’t want to spend so little that it hurts rental appeal of my unit.I’d like to spend 12k for the counter and about 4k for the top.What are good brands to look at that have 2-3 week then around time?