But what about using licensed contractors vs. non-licensed labor, worker's comp, and the EPA's Renovation, Repair, and Painting program?

I'm just starting a similar search, and here's my criteria:Cash Flow1.10% cash-on-cash return, after additional capital expenses.2.Clean/decent condition of interior (note that I might be willing to invest in modest cosmetic fixes such as new appliances, paint, carpet, etc.

How can a house be rented w/ lead paint??

I don't see any allowance for vacancies, repairs, painting or any of the other real life things that happen.all cash

I am ready to do any work – such as painting, small repairs, legwork – searching and calling contractors negotiating price, setting appointments, searching internet/county offices for Tax records and such.Right now I am looking for experience on how to look for deals, what is the best way to negotiate prices, what risks are ok to take and what are not, and making contacts with people, learning true costs of materials and labor and other tricks of a trade.I would be willing to put few thousands of my own money but that is depending on situation.

I'm pretty sure you don't need permits for paint, carpet, refinished hardwoods, tile flooring, windows, new int. doors, ceiling fans or light fixtures etc.Married life is agreeing just fine.

You will be tempted by the "lotto riches" the "painting hidden in the attic", "the free ride".

Repairs that now require a contractor because you can't paint a unit by yourself any more.

Asking price is 165k and reports vacant side was renovated with new paint/carpet.

The contractor said I could just fix the parts in need of repair and paint the rest, but the issue would need to be addressed at some point.