I had to replace the fridge, HVAC, and various other repairs that were another $8k or so.

From the floor joist being cut from the sill plates and the entire house needing brought to level, the foundation requiring correction, to the no slope rubber roof leaking and needing replaced when I say I renovated every square inch of this property I mean that literally.

Yes,It will cost you more in time to meet a tenant locked out then the cost of a key.I have an addendum for smart locks that require the tenant to return control of smart lock to landlord on moveout date or pay for replacement

Hey Austin, Before trying to wholesale, you have to fully understand what makes a property a good deal for an investor (flipper or holder) to be able to reverse-engineer the process and come up with your MAO.Network with flippers in your area and simply ask what they’re looking for in a flip.

I think all the cast-iron piping would need to be replaced. 

I am wanting to leave my day job and replace it with a job that will give me good experience that can be applied to investing.

If the damage is really bad, then you may have to replace some studs.Of course, none of this should be attempted until the roof issue is resolved.

I also have a specific note that they have to initial that if they lose mailbox keys that it is $400 to replace since it's a huge hassle to deal with the HOA when that happens. 

So, I tried to help the situation by getting a contractor to go replace the floor and remodel the bathroom so that the house is nicer for her.

I had to replace the fences after a strong storm last year, which costed $4200 in materials and labor.