Quote from @Dan Zambrano: Hey all,After thinking it over I decided to create a new thread.I am a small time passive real estate investor who has ambitions to expand greatly, first to $20M and perhaps maybe more. i guess I will give a little bit of background on my journey up to now.I am 38 y/o, Electrical Engineer by day, Architectural enthusiast by night.

Since you are looking out there to buy I am guessing you are working with an agent that may have a lot of these resources too.

You don't need to do section 8 to make positive cash flow, but I guess it depends how much positive you want.

@Ryan BrayHUD will not turn on the utilities and my guess is you are outside your 15 day window where you could at your own expense provided that the PCR report did not find anything that would prevent it.Your option is to ask your lender if there is any work around such as an escrow for repairs or an as-is appraisal. 

While I guess a few people do it by meeting someone over the internet and getting married, it is very risky.  

Before reading this, I would have guessed the answers you got, more or less, I'm glad I was mostly correct.I wanted to reinforce a point, that I think was the reason for your original post.

I guess for me the dividing line is does it damage the function or cause a safety hazard if I leave it on the tenant.  

Midnight drunken brawls happen, but are more infrequent then you might guess depending on your screening. 

Meanwhile, I would guess technically when they cannot refinance after 5 years, you now have the cost of foreclosing on the property, however its done, right? 

We do preventive rodding, but I guess it didn't get the job done.