mouschi -In general, to figure out your cash flow (profit) on a rental, you follow the following steps:1) Calculate your income2) Calculate your expenses (not including mortgage/debt service)3) Calculate your Net Operating Income (which is Income minus Expenses)4) Calculate your Cash Flow (which is Net Operating Income minus debt service)So, if your house rents for $1000/month (your income), and you pay $500/month for things like taxes, insurance, maintenance, property management, etc (your expenses), then your Net Operating Income is $500/month ($1000 - $500 = $500).If you then pay $400 in mortgage/debt service, your Cash Flow is $100/month ($500 - $400 = $100).

As long as I get one key I'm happy, because my first step after closing is to change all the locks and secure the property.I've dealt with worse.

It is the first step to achieving them.One point of advice though.

What other steps would I have to take?

My goal is to make millions but I have to take it one step at a time to get there.

I'm sure you'll do great if you take it a step at a time.

Our hoa and property management company work together to manage all the lawn care needs.Last summer, one of my next door neighbors who was 8 years old was running on what they claim was my yard area and stepped into a hole and messed up her shin pretty badly.

Is that possible and what are the different steps must i do?

Be an investor 1st & whatever you want to pursue

Now there are some expensive repairs that the house needs: DETERIORATED LEAD BASED PAINT ; EVIDENCE OF MOLD ; REPLACE HEAT PUMP ; REPAIR PLUMBING ; REPAIR HVAC DUCTWORK ; REPAIR SIGNIFICANT CRACKS IN FOUNDATION ; CORRECT GROUND GRADE TO PREVENT WATER INFILTRATION ; REPAIR FRONT PORCH STEPS ; REPAIR WINDOW Just wondering if this would even be worth considering.