Will I be able to only put 10% down, says it needs cosmetic repairs, it’s in Florida and doesn’t have central AC , and Idk if the utilities are separated which is big for me.

i did not get to the appreciation, repairs ect. 

Do you all have a separate account to collect your vacancy, repairs, & capex % for each property?

In this economy I would recommend Fix and Flip Quick Flip and the main difference of those two is making any repairs/rehab. 

I might do some light work, flooring, painting, repairs on unoccupied units, but that's about it.

You will gain experience being a landlord by renting out the rooms and dealing with tenant drama, home repairs, etc.Then in a year or so fully rent out that first property and repeat the process.If you don't want to actually live with the other roommates then I would look at an area like Hyattsville, MD and parts of Silver Spring, MD where a lot of houses are two level houses and often times with a second kitchen in the basement.

With it being a historic house, I would definitely budget A LOT more for repairs.

As an Marine Officer, I've been on the receiving end of a phone call from my Commanding Officer that one of my Marines was having issues (ranges from late/no payment on credit cards, rents, etc). 

After 6months of jumping through hoops of securing financing as a self-employed person, searching for the right property, getting the offer accepted, negotiating roof repairs with the seller to meet the FHA guidelines, I finally got it closed.  

If its a 4 month flip and you had cash for it, with only 10k in repairs you would stand to make about 7k.