I think negotiations on knocking the price down on inspection items on value add will be huge especially if its a flip like you mentioned.

Hey Joanne, you’re definitely onto something with room rentals.. it can be an excellent strategy for offsetting a hefty mortgage and, in some cases, bringing in higher total rent than a single lease.

I am serving her a notice to vacate at the end of her lease in feb. 

I'm considering leasing out storage space for boats and RVs.  

Given the scope of your work, a simple plumbing leak would not concern me, it's a $200 issue at the most and ideally, it's just another line item when you do rough in plumbing for the kitchen.Being in a Milwaukee suburb, I am guessing it's a 1960s ranch, probably with galvanized plumbing.

They won't learn those items until they actually do deals. 

You may need to seek legal counsel on this.2) Get all the info about your rental property as possible: leases, rent ledgers, tenant contact info, etc.3) Start looking for a new PMC4) Execute your termination notice5) Once transfer is complete, circle back to decide if worth suing them.

So we had a non-paying tenant whose lease wasn't renewed and refused to leave.

Once a tenant is in and they sign a year lease, there’s not too much to worry about aside from the occasional fix here and there.

It's difficult to see how a tenant will be after screened and signing a lease.