Basic Stainless Steel Appliance Package: $2,500 (frig, stove/oven combo, vent hood, dishwasher, with labor to install - we do not include microwave)New Roof: $4,000 (new tin roof - prices vary greatly depending on # of squares area on the roof)New Carpet: $2,000 (includes new pad with aprox. carpeted area of about 1000 sq. ft.)Bathroom Remodel: $2,500 (new ceramic tile shower stall, new ceramic tile flooring, new vanity, mirror, light fixtures, sink, and faucet fixture)Paint Interior: $3,000 (includes painting and some general drywall/finishing prep work)New Vinyl Siding: $3,500 (covering existing cladding with vinyl siding)Paint Exterior: $2,000 (2 coats of exterior paint, minimal prep work)All of these are VERY basic estimates based on a house with 1400 square feet of total interior space.

Some people have indicated that they have good success with low end rental property.

@David Beard :I investigated renting initially and came to the conclusion you mentioned - NYC just doesn't seem like a good market for renting unless your initial investment is huge.Critical for me is a proper understanding or risk involved Private Lending and ways to minimize it.

The vacancy rate is high, and if that is indicative of the area, then that is a red flag right there.

As long as they are separate parcels and don't have something weird like shared driveways, etc, they can be sold separately at any time.Seller financing doesn't always represent a seller looking for income, but rather can indicate something difficult or impossible to finance. 4% is low for investor borrowing, so that's another red flag (to me) that the seller might be trying to create selling options where none exist.Neutral or slightly negative cash flow isn't always a bad idea.

There are some simple things you could do to minimize the loss of good potential applicants, but you've done most of the 'heavy lifting' by defining your screening process and asking the right questions prior to your applicant submitting the showing scheduling form.

(Easy to find on Google)  Ned I appreciate your input it definitely means a lot to me because it indicates to me that I have a support system, and especially now I that system has reached my front door literally lol, I'm full of ambitious as well as enthusiasm towards meeting with experienced investors in the greater Baltimore area to become more acquainted as well as established within my local market, i would definitely like to keep in touch with you as a proceed through my career and hopefully meet at a meetup really soon.

Well Kelvin you have run YOUR numbers and they indicate a lower price. 

(link)Also, while acknowledging the limitations of breed identification, the Centers for Disease Control nonetheless has this to say:"Despite these (breed identification) limitations and concerns, the data indicate that Rottweilers and pit bull-type dogs accounted for 67% of human DBRF (Dog Bite Related Fatalities) in the United States between 1997 and 1998.

Owner seems motivated and indicated they are willing to negotiate about the price.