The properties are rented and the debt is reducing via tenant rents.  

@Ben Fernandez I'm assuming you're looking for SF properties?

The property isn’t worth what he paid for it. 

Instead of just writing "property maintenance," note activities like "installed new light fixtures" or "deep cleaned kitchen for guest turnover."

We are Canadians looking to purchase a few rental properties in Ohio.

Insurance right now is wild, so I'd get a solid broker on your team - I'd be happy to share my contact if that would help.Also, aren't most of the existing insurances shared on the OMs for the properties? 

Hi Eric, I use Doug Lyons with Lyons Home Inspections for all of my personal properties and all of my clients.

This will be built and hold properties.

I use an excel sheet I created that includes the date, REPS category, property, description of activity/activities, the people / tools of the activity and the hours spent on the activity.

I look for distressed properties to get better profit margins How did you find this deal and how did you negotiate it?