Also, check with the utility companies and find out if there are any funds available you might tap to insulate, and put in energy efficient windows and doors.

Fix the problem, replace any damaged insulation, spray with shellac and move on.

This gives you a little insulation in case he goes off the ranch.Some rough number examples.

Last August Hurricane Irene tore the roof off a rental allowing considerable water inside - destroying much of my insulation, ceilings, drywall and pretty much making it uninhabitable.

Please be prepared to spend a little (padding, insulation, etc) to keep any good downstairs tenants from fighting with upstairs tenants over squeaks and overhead noise.Don't let foot fall noise blind side you.

Not sure as to how you can insulate yourself from this, but my partnerships allow one partner to buy the other out at a deep discount.As Dave Ramsey one said "A partnership is the only ship that doesn't sail."

Exterior is finished, interior framed with plumbing and electric, needs insulation, drywall, paint, flooring, finish plumb...ThanksKevin

Sounds to me like the house may have been improperly built, insulation, water proofing, drainage or other issues may exist if it is a mold factory.

To insulate you from as much risk as possible, I suggest: - Trading financing flexibility for maximum selling price

However, one of the things I asked to have done when they remove the piece of flakeboard to replace it due to water damage, was to remove the insulation under it--approximately a 6'x10' area, and replace.