Price: $230,000 (seller is giving me a $3,500 credit toward closing costs)Total projected income: $2,300/month after accounting for 1 month vacancy per yearPITI: $1,570/monthWater/Waste: $175/monthMaintenance/CapEx: $375/month$2,300 - $1,570 - $175 - 375 = $180 cashflow/monthI'll probably have to put in about $15,000 of improvements/upgrades to install central air/heating and submetering the gas lines before it's 100% ready for tenants.

That same house had a back room on the first floor with an outdoor jacuzzi installed inside. 

I am interested in installing a canopy-type structure over the parking spots for two reasons: 1) personal convenience while I owner-occupy; and 2) provide something that will differentiate the units to tenants (covered parking is nearly non-existent in the area).

We likely could have avoided a month of vacancy and holding cost if we installed air fresheners immediately.

Demo old kitchen, install new cabinets, appliances, floor tiling and backsplash )2) bathroom remodel (demo old bathroom install new tub, floor and wall tiling, vanity etc). 

Carpet is old but well taken care of. 4) Install fridge, washer and dryer. 5) All new flooring downstairs. 

@Jad Boudiab I will document the installation of the alarm system for those who might be interested.  

My plan is for us to provide materials and allow the contractor to do 'prep' and the labor installation.

It cleans up a Kitchen nicely, easily installed.  

Your PM did not install or build the water heater.Water heater continued  - How long would it have taken to have had the builder fix it vs them just sending their plumber out?