If they can't do that, keep shopping.This may require digging up the foundation, sealing it from the outside, and installing a french drain to keep water away from the walls.

Can fix the water damage in the basement yourself.

@Adam BartomeoGuys the IRS requires the 1099 amount to be equal to the GROSS amount you collected on behalf of the owner, even if you are collecting water bills, etc. from tenants.NOTHING is deducted from the Gross amount,including your PMC fees!

And I will state different jurisdictions have different rules, processes, expectations, etc.In my area you are required to have a permit to swap a water heater.

You can lean into the seasonality of the school year Fall-Spring, then list for MTR in the summer?

The other thing I have done especially if we are approaching winter months is just tell the insurance company that we will have them done in spring.

The goal is to move into another property by spring 2025 to do another live in flip and keep this property for a few years at least.What made you interested in investing in this type of deal?

Good ol' fashioned spring traps.

I live and work 3 months in Florida fort Myers/Bonita spring area and travel for work 9 months out of state.

Quote from @Devin James: Quote from @Scott Mac: Maybe the infrastructure, electrical grid, water sewer, pavement thickness on the roads, cannot handle the extra people in the area.