Your competitors are putting this functionality into their systems now and while you have the competitive edge in actual design, your functionality does not seem up to snuff.Plus that processing time....

The more units the better.10% down buys you a building so 100k buys a 1m dollar building any day of the week.But try to stretch your money as far as possible. ie: get a first and a second mortgage and then your down payment all combine to purchase the largest building you possibly can.

I pocket close to $1,000 a month in combined profit off of two homes with combined mortgages of $1,200 to $1,300.

I however do like your strategy of buying them, renovating them, and selling them to "investors" with determination, emotional investment all combined with poor math skills.

Has it had the appropriate upgrades done to it to continue functioning basically maintenance free (as per the expenses).

Agree with J. on the HVAC, functional and no issues is good enough.I got alot of stuff at the Habitat for Humanity Re-Store, donated materials, often new stuff is there.

One function of my IRR is that I assume a 10 year hold period.

I believe after repairs this home will sell for much more)The renovations would include: an extended and upgraded kitchen, combine 2 of the rooms to make one big master suite with walk in closet and and a master bathroom suite, adding a bathroom, uncovering and refinishing all of the original hardwood floors throughout the entire home, add on back screened in porch with an additional open deck off to the side, new fencing and landscaping, a new roof and some modernized upgrading to the additional rooms.

I figure I can have a little less with the combined risk (I.e. they will not all go vacant at once or require new roofs at once).

So, after the drill, I'd put a sawzall as number 2.You also need a good assortment of drill bits, screwdriver bits, and blades for the sawzall.Working on a car a socket set and a set of combination wrenches is essential.