So I got one that was very in-budget, good in terms of cash flow, decent neighborhood, not too old, clean inspection, etc.

Gas and electric are not on separate meters for the 2 units. 

Totally rehabbed and renovated, the inspection report is clean.

This is an example and needs to be modified but the goal here is if/when a contractor with no money invested drops the ball; you can easily and cleanly find another contractor to complete the project.

Cleaning dishwasher strainers is another thing i do when there is tenant turnover.

The previous owner was a master electrician and had upgraded all electrical systems and the property over the years-the clearly had a pride of ownership.

The previous owner was a master electrician and had upgraded all electrical systems and the property over the years-the clearly had a pride of ownership.

The previous owner was a master electrician and had upgraded all electrical systems and the property over the years-the clearly had a pride of ownership.

Ceiling fan in bathroom looks like it needs to be changed looks like moisture from when he showers builds up and causes ceiling to peel the paint off and third he said his electric stove doesn’t work he said he has told the previous landlord multiple times about these problems and he never fixed them.

Added value to this deal by updating the countertops in the kitchen, new fridge and range hood, new paint on the cabinets, fixed and cleaned single pane windows.