Turns out, during construction, one of our vendors flushed something down the toilet, causing a clog, which led to the system overflowing and flooding the home.We ended up having to cut and replace drywall in multiple rooms and swap out the wet carpet, which will cost us around $10K.Mishaps like this will happen in Real Estate.

Also do not deal with tenants, toilets, termites, maintenance etc. 

They may end up wealthy or (more likely) they will watch the value go down the toilet.

The 10% is probably for ordering items and being there when goods arrive, unboxing and removal of packing materials, assembling any furniture that needs it, placement and moving things around, putting up artwork, and washing new plates, silverware, cooking pans, coffee carafe, prewashing all sheets, towels, and linens etc. 

The 1 bathroom has the major leak at the toilet which is causing major damage under the floor.

@Yixiong Pan No action can be taken until after the one year redemption period.

(1) Maybe the wax ring on the toilet is not sealing, and sewage is wetting the subfloor.

No holding cost, no tenants, no insurance, no leaking toilets.

Guest runs out of coffee, runs out of toilet paper, needs more towels, etc, we can usually get them any of these things in under an hour with the delivery service, and for much cheaper than the typical service call to try and have your cleaner stop by.

When you choose a living situation with other people above, below or beside you that share walls, especially an older building, you should not be surprised that you may hear babies cry, toilets flush, alarm clocks, phone calls, etc.