Instead, there should be dollar amounts assigned to specific events, i.e. demolition complete with full haul off, floors broom cleaned, no nails left in studs or subfloors $1,500.Plumbing rough in complete and rough in inspection passed: $4000Final plumbing completed $5000I am clearly making up dollar amounts, but look for these types of bids on large projects.  

The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.

Section 8  rates (and lower) will also give you a rough idea of what your market rent will be.Yours is an object lesson in the mistake of buying what you can afford up front rather than what is a good opportunity.People just starting out should only buy local, that they themselves can inspect and get a feel for.

The first buyer walked after the inspection, not for one particular issue, but for the sum of all of them, inspection reported a lot of "beyond service life" items. 

You can also inspect yourself, but it may be intermittent.

Much of my career was focused on REO properties, during which I ran a parallel small business that handled property inspections and performed BPOs for banks.

I was lucky enough to find a property just a few blocks from my TK purchase that was in excellent condition, fully tenanted with two units, passed the inspection with flying colors and is grossing close to the 2% rule.

The final straw was when my property went into abatement after an inspection, due to the property management company's failure to address tenant requests for the exact items that caused the issue.

If a landlord needs to enter a property for an inspection or repair, a two-day notice is required.

Both homes went through inspections, built in 1920 but renovated by previous owners. .