We have had numerous water issues, from roof leaks, to plumbing issues, to tuck pointing all pretty much associated with the age of the building. 

@Deborah Tuck This one might be of interest...

Because they don't know what they are doing, they get into trouble, and then they run away with their tail tucked between their legs!

Sure there are defects such as the loan is non performing currently or there are other issues to be addressed, but remedying those are what adds value to the loan and makes it salable or a cash flow stream to tuck in your portfolio.

And is there a script somewhere tucked away on bigger pockets that might help.

Current need is drywall repair and paint, tuck pointing, subfloors, floor refinisher, tile, kitchen and bath, roof/gutter.

Either way, it is a useful thing to have as a Real Estate Investor ... being labeled a speculator doesn't hurt and you can just tuck your head in if you need to to ride out the downturn, though those are the best times to seek out additional shells :)

Here is how the " rule of 5" would apply on a 45 degree roof with new plywood, architectural shingles, gutters, and tuck-pointing I have to replace.  

Duplex was a foreclosure and has numerous small and medium issues including plaster work, plumbing, electrical work, tuck pointing and some other projects.

I am a master plumber in my day job,I would get rid of the guy immediately if you had him sign the proper contracts when he started working,if not you need to work things out with him and get the job done,most likely he has ran out of money and will start asking you for money to finish Do not pay this guy any money to finish,if he can't afford to finish most likely he will tuck his tale and disappearMost all contractors are living from one job to the next,hire only licensed and insured guys The idea of saving money flipping houses will only cost you more money in the endGood luck @Dele Ola