Even thought it needs extensive repair due to damage from the tenant and since I live in the front unit, I don't think I can deal with a renter living free, getting uber eats delivery and working without paying rent.

Of those that require repairs, everything is covered by their deposit.

It was a great first project, I had some old friends reach out that were losing their house and I helped them get out from under the PML, bought the house and helped them repair their credit, got a contractor I knew that lived around the corner help me do a full gut rehab and put in about 1,500 hrs of my own labor into it.

Your losses even depend on number of things like the basis of your earlier property, any additional capex required like HVAC or major repairs, output of cost segregation studies, etc.

Definitely inflated ARVs and I have no clue where they get their repair costs from.

Does the soffit and fascia repair need doing ALL around the house or is the front ok.

I still cannot rent this property without essentials like water/power despite the repairs.  

That said, if the tenant caused damages, the tenant can be held liable for the repair costs.

Plus, with fewer building structures to upkeep compared to apartment complexes, your repair expenses remain relatively low.Mobile home parks also have the potential for high returns.

@Diego A.Great to know, especially about the repairs and rental requests.Thank you!