All the same color (gray on walls, ceiling and trim white)They did a bomb job so hope that helps you gauge  They should have did a "BOMB" job because you paid the double what the job was worth!!!

Firstly, understand the lay of the land by checking local zoning regulations, assessing available utilities, and conducting thorough market research.

This way, you're covered legally, and your lease includes everything from rent details to what happens if someone decides to turn your living room into a circus ring.Now, about finding those gold-star tenants, it's all about the background check.

In general, I would say in a space where you are thinking of writing checks for hundreds of thousands of dollars to get deals, $6k/yr is not that much. 

I am usually at double that or more. 

For financing, check out local banks, credit unions, and online lenders for investment property loans.Considering an LLC is wise for asset protection.

You basically double your money every year and in the 10th Year, you would receive $1,024,000Obviously, if you calculated that $1k turning into $11k is a 100% per year return, THAT IS THE WRONG ANSWER.You need the IRR to calculate it for you correctly at 27.1%This is why EVERY REAL ESTATE INVESTOR NEEDS TO KNOW ABOUT CASH FLOW... and I will throw in the IRR at this point.Hopefully the readers of this post will understand that by understanding more sophisticated calculations, you can answer these seemingly easy problems.When I get someone, which is very often, that tells me WOW.. that's a 100% per year return!!!!

And along the way sell some apartments and pocket those fat commish checks I sold a 5 mil one a few years back and that was a smooth 100k in my jeans for a couple weeks of scouting finding and following it to the close..

Not always a good idea to just use the same vendors as the seller as there may be improvements you can achieve. i.e. property management company doesn't give guests the easiest instructions to check in, so reviews are down. 

@Kelly O'Keefe For more context, we have a business checking account which we have made capital contributions into, and we have put the business expenses on the business credit card and have paid that card off from the business checking account.