It wasn't a lot of standing water and the spots were dry, but I would've accepted a simple "We don't know" in response from the agent/seller.I also wanted to know an estimate of the age of the roof and water heater.

For me, speculative development deals would need IRR in excess of 30% NET to the LP to even be considered.

In addition, you're still going to need to meet the building code standards and might need a variance if you exceed the allowable FAR.Sadly, at least in our area "just framing in and dry wall isn't going to cut it.

I see a lot of value in aggressively paying down the mortgage with the excess cash flow and personal income.

I was listening while I mowing yards for 8 hours a day but was laid off this and next week due to it being dry. 

In this scenario, it comes down to me paying $4k worth of deductible or $2k worth of deductible to get the hail damage fixed; that is if I prevail with holding them to their quote.TL;DRI switched insurance companies and the agent changed deductible from the $1k I was quoted to $2k on three of my four rental properties, then hail damage occurred before we could discuss this un-prompted change.

In my area bidding goes for a 10 minutes or until it dries up, auctioneer takes a break and talks with the seller/estate and buyers, then opens up bidding for a bit then it's done.3) I don't like anyone in the room knowing who I am or why I want the property. 

The laminate is also excessive IMO. $7 a sq ft installed but it doesn't list material price.

Maybe your expenses will get covered by the other rents, but unlikely you’ll have excess cash.

BUT any raise I get, excess money from the kids moving from private school to public school when they hit kindergarten and other “found money” goes straight into a rental down payment fund.