Fortunately, the state has a clean up fund and reimbursed the majority of my expenses.  

And as court costs, they will get reimbursed by the former tenants once money comes in (if it ever does).Shall I proceed with the subpoenas?

No I am a landlord and this is for retail NNN commercial property-therefore property taxes are reimbursed by tenants.

All things said and Done, here are my numbers: 06/20/2013 -$459.48 Initial Tax Lien Purchase 06/20/2013 -$2.50 VCN Fee (The City Office Charges you to pay by Credit Card, next time bring a check) 06/20/2013 -$2.00 Parking 06/24/2013 -$100.00 SRC Application 07/08/2013 -$500.00 Lawyer's Retainer 07/26/2013 -$2.00 Parking (Drop off SRC) 08/20/2013 -$2.00 Parking (Pick up Tax Certificate) _____________________________________ Total Cost = $1,067.98 10/24/2013 $483.50 Check from the City for initial Lien and Interest 10/30/2013 $600.00 Check from Lawyer for Fees _____________________________________ Total Reimbursements = $1,083.50 So Basically my brother and I made $15 in four months.

It also has another paragraph that says that it is not an expert as to owners property and any laws that apply to it. and they are not liable for any act or inaction relating to law, and owner will hold them harmless for any action or inaction regarding a law, and reimburse them for any legal expenses and hold them harmless.I am having a real hard time signing this.

In addition, we have black mold in the bathroom behind the drywall, when I expressed my concerns, I was told to keep receipts if/when it's fixed for reimbursement, and that they would order an air test for the house to check for mold.  

In case of a total loss, would you be reimbursed at $80k and have the option to either rebuild or take the money to pay off the loan or buy another property? 

Then, if they want you to become an attorney, they can pay for the last two years, or you could do distance education and use tuition reimbursement.

@Joe Scaparra - I agree that when the rent payment includes a utility, I don't feel we get a true reimbursement for actual expense.

Income:Rental income $90,000Parking income $1,600Laundry income $1,250Utility reimbursement $9,100Signing fee income $750Expenses:Maintenance $5,600Cleaning $3,000Insurance $2,600Taxes $11,600Utilities $3,500Gas $1,700Water/Sewer/Garbage $3,900Not sure of cap rate for area.