Hi Sunny,Is encapsulating it under new siding an option?

I think the $1100 - $1400 rent sphere seems to be a really nice sweet spot for family centric neighborhoods where I am looking right now.

(any wet spots, mold spots, bad drywall, etc is now hard to see because of the fresh paint, if there is any)I'll keep all of these in mind.

You don't have to do a darn thing, but if I wanted to do something I might change that spot where the table is on your diagram to a pantry and let them use the dining area as dining.

This last weekend we had a REALLY bad rainstorm (Seattle) and it leaked in one spot, though I was able to catch it in the attic with a bucket before it damaged the ceiling.

By finding a mentor, you'll be able to learn how to find deals and spot them.

Both answers above are spot on.

There were water spots above the kitchen cabinets, as well as some standing water in the basement, while disclosures indicated there had been no water issues on the property.

So they go and list it on MLS for 260 it never sells of course because its no deal.it swings back to me and sure enough.. once we dug into it a little more these guys did not realize she owed 195kk against it and it was in foreclosure.. about to be lost.. so they had it tied up  had fouled up her title by recording that document and they were going to lose out. so long story short I told them I would give them 6k and the seller 5k. and stroke a  check on the spot for 211k.. and it was done.they were lucky to get that. but they would have had no compunction ripping 100 to 150k of equity from this older lady in distress.I leveled the house built a new construction that sold for just under 750k and we made right at 200k net profit on the deal.. but I would have passed if I thought these guys were ripping this ladies equity I don't care how much I would have made I can make that on another deal and not take advantage..now granted when folks CLOSE and then resell well all bets are off and its harder to go back and see what someone paid for things.. 

Anish Tolia is spot on!