I lend on scenarios like that frequently.

The bathroom is used pretty frequently with no issues so far. 1-2 years of use.

If you make a new group on it, I think we'd get quite an audience. 

One thing I did frequently when getting started was tap into my 401k.  

@Darius Moezinia Refinance right after the completion of a 1031 is perfectly acceptable and is a frequently used strategy when cash is desired by the exchangor who does not want to create a taxable boot situation by taking cash or be seen as inappropriately accessing profit by a refinance immediately before a sale that begins a 1031.

I have found about $200 a month averages out their cost over time for big ticket items and even for smaller more frequent repairs. 

I go to Norfolk frequently for work (DoD civilian) and would like to get to know this market. 

Here are some other things that could go wrong which may cause failures:Unknown necessary repairs (i.e. sewer lines, roof, etc)Not having cash reserves to cover vacancies / major repairsUptick of crime / vandalism in neighborhoodVandalism of propertyInfestations (pests, other)Bad tenants / No tenants / tenant family issue impacting stay (i.e. death, divorce)Rezoning of school districts / Loss of accreditation of school district Insufficient Property Management (not addressing tenants concerns, no notification of repairs timely - causing further damage, etc)Not following market pricing on rental / raising rent to frequently or too much at onceLegal issues (i.e. tenants sue for injuries on property, taxation, etc) I think you get the idea.

Hi Daniel, Absolutely, I frequent Boston's back bay several times each quarter for corporate meetings.

What I ended up doing was taking buckets of bleach water and "mopping" the walls and ceilings.Change the water frequently and go a bit heavy on the bleach.