After living in our 2 story 3 bed 3 bath home for 12 years, we found that while moving out that our home needs paint, carpet, new flooring in the kitchen...etc.

For that reason, this thread will take at least 6 months to complete, but stay with me.

How much funding (if any) did you use to get started or stay afloat during this time .

@Grant Rothenburger i hope outsiders stay scared for a few more years.

Of course, we allow them stay free for 2 days.

Other minor cosmetic work may include new light fixtures, switches, and outlet covers, carpeting removal and shiny hardwood floors.

I would very strongly advise you stick to providing rental accommodations and stay out of the playground business.

I'd add that you want to find ask about average tenant stay, and average turnover costs including expected vacancy time and repairs. 

This inherently makes me worry about you getting unmotivated to buy your next one since this one likely won’t cash flow much per month, BUT if you’re patient and understand the purpose of the investment then this could still be a great deal because it will lead you into your next property where you cash flow much more.Like: So this deal doesn’t really fall into the normal type of property that I invest in because there is a lack of cash flow per month, but stay with me for a second.

They will stay long term.