Even if you were to invest it in the stock market and yield 10%, it would be a wash after taxes and fees.The other option is taking it over to Tulalip and putting it on the roulette table.

Dry cleaning service that comes to the building, mobile car wash that comes to the building, option for chef provided meals (from a local caterer), on site maintenance personnel etc.  

If so, I would discuss with neighbor about letting you (read: sweat equity) power wash it and stain/seal it.  

I'm a newbie also, and like you, find it cathartic folding clean laundry...and even washing dishes.

I require braided hoses on the ref and washing machine.Renters Insurance is a must.I let them cancel the lease with 30 days notice and a payment of 2 months rent as a penalty.I've never done a lease for less than 2 years and most of my renewals are for 2 years.I haven't done it yet but will put in the lease, if the tenant wants to extend the lease beyond the initial period and doesn't sign an agreement within 30 days of the expiration of the lease,it becomes a month to month at an increase of 10%.

@Doug Rayburn I had this problem rehabbing a house in ChinaTown so much grease we had to remove lathe and plaster and drywall it.Another time it was oil paint and trying to cover it with latex.Worst was a calcimine kitchen ceiling where the paint would "unroll" right behind the roller we were using to put it on;-)Most of the time I wash it with TSP then clear water and let it dry.

We have always believed in the "one hand washes the other" philosophy.

I wondered: Was he afraid that something unethical was done or does he really care?

In my novice opinion, this is what needs to be done to the house:Mold inspection/eradication (water damage from leaking water heater in attic)HVAC neglect (possible mold)10 Fogged Windows (house has numerous large beautiful windows that have become opaque due to moisture)Pressure wash exteriorReplace Carpets (approximately 1500-2000 sq ft)Paint interior walls/sand and paint trimPlumbing hardware has all been removed/needs to be replacedPool filled with excessive amounts of leaves/debris (pump is running)Excessive amounts of trash throughout house yard and pool houseLive Oak growing onto roof (arborist needed)New Sod (currently all weeds)Pool Deck ResurfacingGarage Door Openers have been removedLarge golf ball sized chip on bottom of granite on islandresurface built-insExterminatorPatch holes/cracks in walls (about 10 fist sized holes)Many light fixtures missing (10 or so in closets and bathrooms)smoke alarms missingSo, part of me was disgusted and felt very guilty watching my buddy conduct a walk through via the internet.  

B+ area, built in 2006, parking, separate utilities, has good parking spots, real hardwood floors, wash/dryer exposed in kitchen, 2br/1.5ba units, good rental history, rent is $3200 gross, but ill live in 1 unit so the gross is $2400.$270K purchase priceFHA loan3.5% down ($9,450)P&I-$1321/mo ($260K financed)INS- $100/moTAXES- $137/mo (taxes are currently $274/mo b/c its in the investment class)PMI-$187/mo (would like to own for a year and try to refinance with another bank to get a conventianal if I can get a high enough appraisal to drop PMI or lessened)TOTAL PMT-$1745/moLIVING FOR FREE!!!