At our second house, after we left Schultz was trying to charge us because we acted to  shut off the water so that their leaking pipes and leaking washer hookup didn’t flood the house.

I looked at the photos and the rooms look nice, but it is still a hotel room-a sitting area, sleeping area, small counter with a sink and coffee area and a separate bathroom. 

@Kenneth Soles  I have done this too many times to count.and after all the years of dealing with folks that lost their home be it tax foreclosure ( very very rare on the west coast by the way)  or Trustee or Sherrifs sale ( most common).Rent back can work but usually turns into an eviction shortly .Sell it back is another pipe dream.. unless your willing to owner finance it.. then you have the dodd frank stuff if you want to be letter of the law compliant.

This will depend largely on your level of experience and comfort level with the possibility of expenses for the things like the termites and the sewer pipe.

A few reasons to replace would be tenant would be paying for heat, lower maintenance costs long term, and no risk of water damage when pipes give out.Good callouts on ceiling but luckily, i dont have any popcorn texturing, thank goodness.

Project included new windows, new doors, new siding, new floors, new bathrooms (vanities, toilets, shower, lighting), new kitchen (appliances, sink, granite counters, cabinets, lighting), new paint, new pool liner, new landscaping.

Everything is negotiable, ask for 100% funding with 1% interest plus 10% equity and let them counter you. 

It could be something as simple as someone left a hidden faucet open somewhere, or it could be a cracked pipe, or a leaky toilet valve, or an open water heater drain valve, or...you get the idea.

I could essentially be flushing $1000 if it turns bad.Could be a toilet seal, could be a pipe busted under the slab.

Hello @Jonathan Klemm, we were thinking of installing LVP flooring, counter tops in kitchen and bathrooms, and maybe new paint.