In my experience if you jump on it quick, you can dry everything out without removing much material, needing to get a dumpster and everything and balloon the costs up to a crazy number like $10k.

With the city's growth and relative affordability, we're looking at a rental demand that's expected to outpace supply.

She/he should be able to provide you with a chart of accounts to choose from, such as Repairs & Maintenance, Supplies and Amenities, etc.

Total still owed $13,600 (rent, late fees, legal fees) and $550 for the locksmith.Place reeks of pot, she had her adult son, who by the paystubs left behind only made $152 a month and spent his days laying on the couch (which reeked of pot) smoking and playing x-box (abandoned and power supply cut up). 

The rent declines in the market are temporary until the new supply gets absorbed and demand picks back up.

There are a few things you could offer to make the deal enticing to the seller, such as a balloon payment, but I would keep it to less than 10 years unless it is too good of a deal.You need a purchase and sale agreement with the terms and after under contract you will work with the title company to get a mortgage and promissory note drafted by an attorney to be signed at closing. 

For winterizing a property without heat, shutting off the water supply is a key step to prevent pipes from freezing and bursting.

Landlord’s only option to collect funds for damages is to take tenants to court.More and more tenants are only having a portion of their rent covered by S8, so landlords need to still screen S8 applicants for portion they must pay.Landlord cannot charge S8 tenants a portion of shared utilities – which can lead to the infamous tales of tenant retaliation against landlord by blasting heat on high with open windows during winter.S8 caseworker response times can be very slow, as they are usually overworked & underpaid.Again, overall it’s a pretty good deal for a landlord that does some decent screening.Exposing Section 8 Housing | Tenants From hell 243 - YouTubeLiberals Blame this Eviction on Landlord Despite the Before & After Footage | Tenants From Hell 241 - YouTubeMy first Baltimore buy & hold investment - SOLD (Lessons learned) (biggerpockets.com)Besides MANY self-labeled "gurus" exaggerating their success, many of them just supply readily available info.If you're too busy to find the info and are willing to pay for it, no problem as you accept their time vs money solution.REGARDING S8 GURU ISSUES SPECIFICALLYMost of them don't share all the facts about how Section 8 actually works.They claim you can get HIGHER rent from S8 tenants vs private-paying tenants.Why would the government allow our tax dollars to be spent this way?

I am about to submit to the IRS my log of 500+ hours working in the STR business, most of which come from communicating with guests, cleaners, maintenance people, Airbnb, VRBO, and managing supplies, shopping, bill paying, pricing, calendars, all the daily and weekly tasks. 

We should have a lot less residential development being delivered in the next 1-4 years, which should shift the supply and demand for long-term residential and should have increased organic rent growth in the future as we saw from 2017-2020, but counting on that as an investment strategy probably isn't the best idea.