With a rental, it is very important to know what the market rents are so that you can know if you can cash flow.  

These costs are generally not something you can get increased cash flow for, nor recoup.

Steel is bad and is probably already causing issues in water flow and pressure in the duplex.8.

Otherwise refinance to pull out every dime, assuming it will cash flow, and rent it out.If it will not cash flow positive with maximum leverage you should be selling anyway.

Of the 11 properties we have 7 that are lease optioned, another which we are signing on Monday, and the other 3 just came up on the market within the last month or so.If all goes to plan and they all exercise their option in 5 years, my partner and I stand to make 282,522.77 each on these properties over the next five years (this includes the profit when we sell the properties and the monthly cash flow).  

Stack that cash flow and look for the next deal.

Flipping correctly is the only way to make real money, you could lose all or your cash flow on a rental if you hold it too long and have to sell at a loss.  

I have found a local community in south Florida in delray beach that looks like it would be a cash flow monster.

@Brian Wilson - right now am looking to start out in SFRs that cash flow well. just sent you a connection invite. let's meet up if you and your buddy have some time during that week.

The place is cash flowing, about 350.00 a month.3.