Now, if a person wants to be really accurate they will factor in inflation because spending $10k today and getting $10k back in 10 years is NOT the same thing, it's less $ as the purchasing power has declined.

I spend all day sourcing deals now.

The people I know who have turned this sales job into a sale BUSINESS spend $10,000 + monthly on marketing, data extraction, virtual assistants, etc.  

What are other units on the market offering in terms of finishes as well as what are the renters expectations. i would say it is worth spending a little more for more durable components even if the market does not require it as @Adam Bartomeo said

When you manage multiple properties, how do you manage the receipts/bills that you spend on each property?

And because of your clear goals and thoughtful planning, you’re already ahead of most first-time investors.This post does not create a CPA-Client relationship.

We will have a support vehicle, a mechanic, a medic and guides and I feel that's the stuff that is totally worth spending money on. 

They have plans to build affordable housing in other cities but those are slow as well.

You can spend the next 3 years socking money away in REITS, ETFs, CDs, muni bonds, and money market accounts and completely focus your mental energy on your job.

How much did you have to spend on the rehab?