We moved back to Augusta, GA in 2012 and had the $240K property at 3.75% and also using AHS for potential maintenance. 

I've gained a buyer lead and their criteria is...."

With that knowledge, I was able to confidently invest in a SFH that only needed minor repairs to become rentable, to gain immediate cash flow, as I waited for the market to appreciate.The goal was to buy and sell within one year.Breakdown: Purchase date: 6/30/2017 Listed: $60,000 Under Contract (as the Buyer): $55,000 Acquisition Price: $46,250 Renovation Cost: $1,955 Total investment: $48,205 Ten months after the purchase, we are under contract on the selling side at $65,000.

I just can't believe this is even legal.

As for getting PM experience, you don't need PM experience if you plan on living in 1 unit and renting the other 3 out, you'll gain that as you go through the ownership process.

Also note that any reimbursement from insurance will affect if you have a loss (or potentially a gain). 

This covers Legal, Accounting, Pest Management, etc.HOA (find out)As you can see these could easily add up to 50%.  

travel, legal fees, license, accounting fees, office supplies...this could included in your property management expense...just adding more line items. 

Barf.I’m trying to think about the long-term gain of a great property, not the short-term loss on cash flow.

Therefore it is strongly encouraged to make sure you do the title search and, as best as you legally can, inspect the property so that you can make some assumptions about its condition before placing your bid.