If I don't use those contingency funds for the roof work, I'll need to fork over an additional $5K in cash.

Most of us are not deserving but still not all of us are lazy, and we really want to step up in the warm light of direction to support our families in this cold land...it starts with a roof.

The sides were joined, roof seam reshingled, exterior wall join had a strip of siding place on it. 

We had Foxconn breaking ground here south of Milwaukee with a lot of political ra-ra promising some 11,000 jobs - I have seen buildings and land sell three times in a short amount of time with steep increases, the last one still holding the bag, because Foxconn never happened.Number one principal of seasoned investors is: always protect your principal.

With the ability to recover the excess funds afterwards - so they're out the taxes the purchase paid on their behalf plus a potentially steep fee for doing so.

Prices have gone through the roof in Ludlow in the last year to the point where most of my analysis only breaks even if I am being conservative.

Ideally you would find a company that has everything under one roof.

My property is currently my primary residence. 4) Can I even register the property as a rental property when it has some serious code violation issues that might affect the safety of residential use: such as electrical issues, roof restoration, etc.? 

(I do not live in Orlando, my retired father does)... and my father takes care of all the maintenance (repairs, hiring contractors for electrical, HVAC, roofing, etc.) as well as showing the property for leases, he is my hands and eyes there... all for free, I do not pay him a salary or any compensation, and he does not want one. 

@Austin JamesUnderstand the area, the current tenant base,the median income, is it in a flood zone, the age of the asset, the condition of the plumbing, the electrical wiring, the fuseboxes, the age of the roofs, the age of the mechanicals, the condition of the foundation, the drainage of the property, does the property have a C of O, is there ny environmental concerns such as oil tanks being buried, the current property management company, what are the amenities.These are just a few things to look out for.