Luckily, most of the work that needed to be done was cosmetic, but we budgeted for a new roof, new HVAC unit, exterior landscaping, along with interior cosmetics.

It has a new roof; paneling needs to be removed; new doors; updated bathrooms; some landscaping; outside paint job.

It was a hard sell convincing them to spend the money especially when I presented them the roof quote, but the demand for housing is great in the Medical District. 

Capex is half of what I use. 10%.My capex includes roof 25 year life span, floors 10 year life span, appliances and hot water heater 12 year life span,hvac 20 year life span, bath and kitchen remodel 20 year life span.

OOS investing for first-time investors is not wise unless you have boots on the ground that you know and trust.

There is nothing that you'll learn from a course, boot camp, etc. that you can't learn online or from a member of your team. 

I have a detached garage which is more than three feet from the main structure, however the roofs of the two structures are touching.

Next is Structure items such as how the metal structure is, whats the site moisture conditions, is their tie-downs and what type are they, is it on grade, posts, free-standing, and especially roof coatings.

I truly believe a lot of this business is boots on the ground. 

I can tel you that we rehab 3 bedroom 2bath house from A-Z (Cosmetic rehab + landscaping and HVAC, ROOF) between $15k-$25k.And 2 bedroom 1 bath Apartments in Little rock around $5k to $7k including HVAC. but I do a lot of the contractors management myself.