I would have a property manager if that were the case.

(FWIW,$8K on just the compressor seem excessive.)Otherwise, unless your contract with your GC says they will provide 24/7 surveillance, or you can prove the AC was never installed, you own the problem.If the property has been vacant for more than 30 days, most policies won't cover vandalism unless you have added a Builders Risk Addendum.

Here’s why this market is so ripe:1️⃣ Mom-and-Pop Sell-Offs at Huge DiscountsA lot of these properties have been in the same family for decades, but now the kids aren’t interested in taking over the business or the real estate.

I was wondering what your experience has been, good or bad with buying rental property in close proximity to the firehouse/station?

If $100-$120 aligns with similar properties, then it’s a fair rate—especially considering the size of the home and the work involved.

In terms of negotiating the deal, we looked at the property and its condition and negotiated the price down and eventually met in the middle.

Nevertheless, if the RAD investors  actually had loans  collateralized against property they would be in a much better position.

There are risks too, when buying condemned and burned-out houses because you may not be able to control the environment where these properties exist.

I'm a new property manager, have been hosting my own house on Air BNB for just over a year.  

Getting an appraiser out there in the property is always best while the property is vacant.