Time to get serious with the books.

PS: Don't assume a deep clean is going to get the smell of smoke out of a house.

Some people will push to get the maximum, even if it means they may wind up with nothing. 

If you want to invest private deals which are generally the best deals then being an agent will kill that deal before it gets going. 

You will then naturally refine your approach as you get feedback from results.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

I am getting ready to close on a property in the couple weeks.

while I totally understand the frustration especially purchasing what was supposed to be a new and ready to go asset, but these things are pretty common so don't feel to discouraged. 

Welcome to the community and be ready for a huge amount of information at your finger tips.

It is a considerably good price considering the area, I'm just not sure on whether the rental income is worth paying for.Apart from about $10,000 it is fully rennovated and ready to be rented out within 2-3 months.Thanks for any advice!