Purchase price: $307,000 Cash invested: $77,000 Nice condo with beautiful wood ceiling and a 22 sqm deck in the heart of Philadelphia!

Do you walk the place yourself, and realize that all the contractors are wrong, it's that the top floor tenant has four puppies that are peeing everywhere, and it is urine coming through the ceiling? 

@Scott EwellLeveraged vs debt-free is a personal decision to some extent.Leverage will give you a higher ceiling on your investment, whereas debt free provides the lower floor.While I can't say which is best for you in particular; I can say that, in my experience, every majorly successful investor I've come across uses debt in their strategy to some degree.

I just had a guest check in and the ceiling fan blade (less than a month old) fell off and hit him in the head (no injuries or anything) but they would like me to come take a look at it.  

Purchase price: $63,000 Cash invested: $70,000 Sale price: $215,000 Project Overview:a complete floor to ceiling renovation with an added bedroom, full basement reno, custom kitchen, and a full list of other upgrades. https://youtu.be/BXD5TU2VCsA?

You are tenanted and hopefully cash flowing, and it probably wouldn't serve you to sell it with an active leak or ceiling damage.

Lol, ozone machines are great, but chain smoking in a house is a carpet, pad, seal coat on the subfloor, full paint including ceilings and at that point you may be good.

If it's a lower class neighborhood you are probably going to put in $75 ceiling fans.

He'd done it for so long that he'd stained the living room ceiling yellow... from the top down!

What you get when you let a tenant paint is roller-marks of the wall color on the ceiling, drips and runs, patchy covering, spilled paint, silly accent walls/ too many colors, uneven lines on edges and in corners, splatters, blistering, bubbling, peeling, the wrong sheen, visible brush marks and roller strokes, trim painted the same color as the walls, electrical outlets and switches and even light fixtures, vents, cold air returns, fart fans etc. all painted when they shouldn’t be, not enough coats where paint actually should be, and terrible color choices (almost always too dark or too weird).