If your going to invest in somewhere that is always sunny with good weather having a private pool will give you an advantage.

This is my only rental property.I'm contemplating selling the property and taking my profit for a few reasons, but one most of all.I would say my property is in average, a bit above average condition, but certain things are a bit dry or dated, no central A/C for example.

So I call the bank (REO property) and they agreed to secure and give me access to finalize appraisal, but this was not a requirement for them on the conditions of the sale.

If you don't have such clauses you might not be able to do much or might be limited on the damages.3) What is the damage/condition of the property? 

House cleaners of national property management companies typically earn nearer to minimum wage and have low incentive to actually 'care' about the condition.

We have done it all, as you have without spending a penny on gurus, and yes 150 bux to set up an LLCKeep crushing it bro,hey, call me when you can, I need 10 more props   It's Aussie slang mate heheIn American terms, "He is pulling your nose" hahahaAussie's are more rude so "Pulling your sausage" hahaSorry mate,Will try calling todayEnjoy the weather 🙏

If this election is made, the term “section 179 property” will include any qualified real property that is:Qualified improvement property as described in section 168(e)(6) of the Internal Revenue Code, andAny of the following improvements to nonresidential real property placed in service after the date the nonresidential real property was first placed in service.Roofs.Heating, ventilation, and air-conditioning property.Fire protection and alarm systems.Security systems.https://www.irs.gov/publicatio... 

For extra formality, put it on a nice document with your letterhead.Re: Non-Binding Letter of Intent to Purchase Real Property Located at [Property Address]Dear [Recipient's Name]:This non-binding Letter of Intent ("LOI") is submitted by [Your Name] (the "Buyer") to [Recipient's Name] (the "Seller") with the intention of setting forth certain preliminary terms and conditions for the proposed acquisition of the real property located at [Property Address], inclusive of all improvements, appurtenances, and fixtures thereon (the "Property").Purchase PriceThe Buyer hereby proposes to purchase the Property for a total consideration of $[Amount] (the "Purchase Price"), which shall be subject to adjustment based on the results of the due diligence investigations and final negotiations.Earnest Money DepositContingent upon the execution of a definitive Purchase and Sale Agreement (the "PSA"), the Buyer shall deposit earnest money in the amount of $[Amount] (the "Earnest Money") into an escrow account designated by the mutual agreement of the parties.

A distressed property is more complex than a stabilized one needing rehab and that is more complex than a property in good condition. 

Condition of a property and the cost to repair is just one of the risks in this business and you have to consider that in your buy price.