It could be better and Id like to provide that but we have a decent home we rent currently and they got food on the table. 

For a flip, if you find a good deal and get it locked up in your name (your problem moves down the food chain as to how you can do this with no proof of funds etc), then its possible to JV with someone with cash who will fund the purchase + rehab, since you are bringing the deal.Now ask how can you get a good deal under contract? 

However,  it was old brown shag and we paid $980 total in pet deposits and monthly fees that more than covers the $780 line item.

Food for thought. 

You need to learn how to determine market value, how to advertise, how to pre-screen and screen, how to protect against predator tenants, how to deal with late rent or unauthorized tenants or pets, what you need to know about lead paint or mold or ice dams or furnaces or pet urine on the lawn...If everything goes right, you rent the place one day after advertising, a little old lady moves in, and she pays rent without fail for 30 years at market rates and you walk away a winner.The more likely scenario is that you'll enroll in the school of hard knocks and be beaten back and forth many times before getting it right, losing thousands or tens of thousands in the process. 

Thought we could have a fridge in garage to move all food out before a booking. 

Food for thought...

You are required to be an expert in only three areas instead of 7 (Knowing the market, finding deals, and negotiating with sellers) and you have already hit your end goal of owning an asset and making monthly passive income.Why not start at the top of the food chain instead of the bottom?

First property is the hardest, each one gets easier.One final pet peeve of mine with newbies is please DO NOT list your title as Real Estate Investor if you don't own investment real estate.

And yet, there is more already brewing with one of our city council proposing a tax on vacant units and another in the house legislature proposing to end any sort of pet rent.