In the first month or so, they found some "rotten" wood steps to the porch.

Enter the home to an Open concept with beautiful wood beam 10 ft vaulted ceilings.

Enter the home to an Open concept with beautiful wood beam 10 ft vaulted ceilings.

Quote from @Eric Wood: Thanks Matthew - I appreciate the thorough response!

These tenants reported the wood porch floor being damaged, and since it is old, I replaced it with brand new boards. 

I have to replace an egress staircase from the second floor which was originally made from pressure treated wood.

If it is raised wood deck, then expect it to rot and look nasty after ten years.

Everything Ken said plus plaster walls, no insulation, higher electric bills, walls sweating when its humid in florida and the resident leaves front door open, damp smelly houses, Pealing paint, wood rot, old windows, crawl space under the home, bdrm and closet doors that don't close properly, electric locks that the old front door doesn't like as the door is not aligned correctly, Cyrstal knobs that fall off, old thermostats with 2 lines but my new thermostat needs 3 lines, critters in the fireplace....

Quote from @Joe Wood: Hey Guys,I recently inherited a traditional IRA (Non-spouse) and would appreciate additional feedback from those who are familiar with what options I would have.

The 4th property was a beautiful .5 acre wooded lot in a sought after school district!