Asking price: $245,000 - reasonable for the areaEstimated Monthly Rent under current leases: $2500.00 - on the low side of the range for the area but the tenant base is long term and stableAnnual Taxes: $5000Annual Insurance - Unknown/information requestedUtilities - Unknown/information requestedBuilding Owner pays for alarm monitoring,electric and water bills - have asked for monthly cost averages but do not have yet.Individual tenants pay their own internet and phoneDescription: 2400 sqft, brick building with a 10 space parking lot, good location Known upcoming repair is HVAC for the downstairs (est $5k), upstairs HVAC has already been replaced.Thank you for your time as well as your opinion on this deal, recommendations for additional questions, additional information etc. 

It raises a few alarm bells to me that he's not just listing it to sell if he wants out and his debts are adding up.  

The best loans are gone within 1-2 minutes of hitting the market so I have 4 daily alarms so I'm ready and buy a few on each offering but this cherry picking has really helped me get decent returns.

Simplisafe makes a great PORTABLE alarm system for the vacant houses..

I'm considering just assigning a single code I could maybe change monthly remotely instead and use that same code for the whole month so it's not nearly as laborious adding every guest's phone number to the locks.There's an alarm system company: Vivint that's been targeting AirBnB hosts in my area.

Smoke alarms, functioning water, etc.  

For a rooming house do you need sprinklers or  a central alarm for the house ? 

I forgot to unplug the stove and the stove-clock gave some error code and audible alarm.

It wouldn't be a bad idea to put your tips in writing, making sure not to alarm the tenant to things likes mice

Three RE locals take the opposite opinion in the article, so don't be too alarmed.