They had a mice problem last year, and by the time we discovered it, the mice had chewed through several base boards and two dishwashers.

After my inspection of the property, I found roof rat droppings, urine stains and insulation tunneling in the attic, along with damage to vents and chewing on wires.

You'll receive notices from the insurance company and will know if the tenants drop the policy after they move in.The only time this has come into play was a couple of years ago when a tenant's dog chewed up a section of the carpet.

It also might be a lot to chew for your first time but it doesn't sound like it would be too impossibly overwhelming.

You are right on the bubble for CMBS, but its still an option to look into.Can't add anything to the covered land play except to say make sure you can continue the asset's ability to cover and don't bit off more than you can chew chasing appreciation.

@Giovanni MontesclarosBesides the sound advice you are getting I believe you may have missed something a bit more important than "biting off more than you can chew" You mentioned buying it, rehabbing it and then wholesaling it.

If you watch them sharing one cup of coffee on outings, if you watch them order only fried rices, you wonder where the RE price is heading....Again, it is not just one coworker how bit off more than he can chew,...

You’ve given me a lot to chew on.Originally posted by @Cara Lonsdale:Knowing what you need to do, and having the strength to do it are two different things.Do you know the story of the baby bird hatching from the egg? 

Thanks Scott that's a lot to chew on to get me started.

Long term I'm planning to do this to chew up the lowered basis from depreciation.