He owns >20 doors in the East Bay (Richmond, San Leandro, Oakland, etc), none with rent control (Sec 8, Costa-Hawkins, a condo in there last I checked, etc).

We've been told the abatement/cleaning will cost a minumum of $10k but likely closer to $25k. 

Hey @Andrew Costa.

If not you will want to nail down hat cost as someone (most likely you) will have to come up with that $$ right after closing and it could possibly be a Few thousand dollars to get rid of it.

The landlord we used to rent from (currently own) has a property that he is willing to sell with current renters, this one cost a bit more than the other two. 

Note at 5% down and maybe 5% closing you have 10% of cost.  A

It already cost a lot to get the fumigation done and on top of that, I have to now fork out extra dough to fix the damage they did.

Totally depends on the property's condition and cost.  As

Even if it cost a lot, it would help reduce tax liability in the company via the company expense write-off......what am I missing??

Total cost      Monthly cost A/C unit (replace every 15 years) $8,000 $45 Roof (20 years) 10,000 42 Carpet (10 years) 3,000 25 Dishwasher (10 years) 500 4 Range (13 years) 700 5 Water heater (10 years) 1,000 8.5 Microwave (10 years) 300 2.5   Maintenance/repairs (minor) 125 Total   257Mortgage, insurance, taxes                            960Total expenses  =  $1,217/monthRent = $1,350/monthCash flow/month = $133