Here’s the investment details10k for revamp and fully furnishing 5k upfront fee for design and management $500 flat fee for the managementFYI I have already spent like 15k on the property 2.5 years ago to set up.Thanks for looking into this.

And then what about the roof, isn't that your biggest weakness then and how to you strengthen that up?

We have started including disclaimers to property owners when dealing with water penetration especially on interior walls that can come in from the roof, the siding, windows, doors, etc.Generally if you're not happy with your PM you should trust your gut and try out someone else, but also keep in mind 2023 and 2024 to date have been the most difficult leasing years in the last 10 years nationally and especially in Philadelphia.

It appears roof failed, leaked for a long time.

In both cases, the tenant should be educated on their responsibilities and held accountable.Even if the water source were a leaking pipe or roof, you should be able to identify the problem, dry it out, and remove the mold professionally within a few days and then the problem goes away.Simply accepting the tenant's claim - without verification - and allowing them to break the lease without penalty is a bad policy that will cost you much more in the long run.

Worst case, structural and roof repairs.If it is in the worst case side I might not tackle a project like that in that location due to the added complexities.Once again thank you all for your responses

But unknowingly we did repair of roof like replace missing shingles.and have insurance for this roof shingles separately.

That new flat screen 60 inch TV you need for "zoom calls" might be a write off if your actually using it for zoom calls.

But unknowingly we did repair of roof like replace missing shingles.and have insurance for this roof shingles separately.

Did some upgrades and improvements to the 8 unit, including new roof and paint.