Verify the interest rates and terms of the existing loans, as favorable rates can be beneficial, while higher rates might prompt you to consider refinancing later.Assess the condition of the properties thoroughly, especially since the owner is "done with them," which might indicate deferred maintenance.

There’s no indication that the leak is coming from the roof so it’s got to be from the walls or the ground but I’m at a loss on how to diagnose the cause and fix the problem.

It's a #1 indicator of long-term financial stability and net worth.

Hi Flavia, Research the local market trends, economic indicators, job growth, and development plans in the area to gauge its long-term potential.

It would likely indicate the roof age.

Analyze property trends, neighborhood demographics, and economic indicators to pinpoint potential wholesaling opportunities.

Seek areas with steady job growth indicating a stable and expanding population that could drive rental demand.

You should be getting AGE and DECEASED INDICATOR in your data sets as well information on relatives at a minimum.  

Consequently, the lender cancels $75,000 of the landlord's debt.In light of this situation, the IRS Chief Counsel provides guidance indicating that the foreclosure constitutes a taxable disposition of a significant portion of the landlord's interest in the property.

Remember, there are numerous deals available, and although I'm not deeply familiar with the Columbus market, I believe you can find a more favorable opportunity with a positive net return.If your primary objective is passive income, as indicated by this scenario, investing in the S&P may indeed offer a more passive approach.