That is very, very unlikely - especially if you are hiring a property manager.Throw the money in an after tax brokerage account or a short term bond/bond fund or CD yielding 5-ish% as your dry powder.

Started doing pretty well until it dried up and finally had to get out summer of 2008.

That said - it’s pretty dry right now. 

One thing that will help get rid of the humidity is to actually turn the heat on it will help dry things out., also with the dehumidifiers on .. the big industrial ones.. 

You also have the problem of toxic waste if former tenants are dry cleaners or auto repair shops.

Also if property is occupied or vacant will affect time and cost, they will cut out dry wall for access to supply lines that typically run along wall behind drywall in kitchen and bath.

A bad deal will dry you up slowly financially and mentally.

That clause I've prevailed on in court.Chem Dry does wonders on carpets.

If all else fails in getting a loan for the repairs, my partners father would be willing to act as an investor for the amount of the repairs, for a small fee.let me know what I need to be thinking of in terms of laws, taxes, etc...It sounds so cut and dry to buy a house fix it and sell it, but I know that is not the case.

Louisville is drying up in terms of wholesaling.