The removal of the Taxable Value cap and the switch to Non-Homestead millage rates can double, even triple, the property taxes.

Remove the ceiling texture in that instance is an abatement issue.  

This does not solve the issue of evictions but many hosts cash flow significantly from the other paying members while they are removing a member through the eviction process. 

Points will be deducted for deficiencies and remove subjectivity in the inspection process.

Some liens can be easily removed, where as state and federal liens are not easily removed.

@Andrew Steffens I think we've been able to avoid cheap owners by taking on the expense of many of these consumable supplies, which effectively removed them / their spending philosophies from the equation.

Do I have to remove all the money from those accounts and start over?

Even a typical water heat replacement would set you back signficantly.There's plenty to the puzzle that i am unaware of but with what you've outlined here i would consider passing on the property.you know you need managementyou know you need to remove at least one tenantyou know cashflow is meager after considering management.i personally wouldn't recommend a client take on the risk for such a paltry pay out out of state.Even when considering long term appreciation the average amount of headache one assumes with a property will bog you down before the long term play pays off.

For instance, one property seems to have an extra bathroom that is not listed in the county records.I plan to make some modifications, including removing a closet wall to expand a bathroom and taking out a kitchen island that contains electrical outlets and a switch.

As I'm moving through the house cleaning everything, I'm better able to notice what needs to be removed/replaced, and every other little defect.