Take a look at the varying opinions/approaches you have received here...this is exactly why it behooves you to bring in one or more qualified professionals, licensed, bonded and insured, who will pull a permit and go on record as having done the proper work and stand by it with his/her money.Just because the wood is rotten and not supporting anything does NOT make it safe and negligible.  

However, if you get sued because a tenant falls off the porch, they can only sue the LLC and its holdings, and not you personally, UNLESS - negligence is involved.

The increase in my electric bill is negligible and I only stop at gas stations to grab a snack now.

The extra revenue is negligible at first as the electricity used by the tenants generally covers little more than the payments due on the Solar PV System.   

If I don't think a deal or a seller align with my goals, I can easily pass on it since my costs to reach them are negligible.

wild/ sad/ unbelievable/ Fraudulent/gross negligence/ and plain dumb.. what an opportunity they had but Morris blew it big time.

For the expense categories I have listed which are blank, the Seller has said his expenses are "negligible", and I can see it's going to be a real struggle to get his historic records on this.

I also say look at where they were buying...for a little while everyone looks like a genius when you buy in hot markets and prices are going up 1-2% a month, but when that slows down, or time on market goes from 7days to 30 days, or your labor supply dries up due to Covid, or you just screw up on one house that has a bad roof or a bad foundation or bad plumbing pipes or all the pipes freeze in Texas because you failed to have on the heat in February and your insurance doesn't cover that because it is vacant and you were negligent, then you may have to sell 10 at really great prices to make up for the one bad one.   

I was very proud of myself for being able to pull it off, even though it cut the expected audience(s) down to a nearly negligible number of people. :)

Let's enforce the existing laws that we have in place to clean up the city at the expense of the negligent landlords.Please read this and sign the petition if you agree:https://www.change.org/p/new-orleans-city-council-...