I'll be moving there for the long haul and certainly don't want to rent long-term. 

I also read there are companies that you can outsource all personnel to. Yes

Both my partner and I are in this for the long haul with great dedication. 

Dont forget the permit fee, time, and cost of demo and hauling all the material away.

Most people's problem is that they are not willing to commit for the long haul and work at it.It can take years of diligent effort to build a business of any significance, and frankly most people are not willing to put in the required time, money, commitment, and dedication to EARN a successful business.

I have tons of violations and to top it off I'm now getting jacked by HomeRiver. you have what is commonly called a money pit if your looking for suggestions I would sell take your loss's and move on.the issue with Morris is his hypothesis of how D class renters and rental property works is completely a fabrication of his mind.I just watched the HBO documentary on Theranos.. another grifter dreamer .. her theories were false as well.does not matter what yo do .. you cannot over the long haul succeed in those rentals as Morris represented.. he is clueless.

Work includes:- Obtain necessary permits- Remove concrete where needed for excavation- Excavate along the basement foundation wall and haul away soil- Remove the existing drain tile line and downspout line- Once the foundation wall has been exposed, cement parging will be used on any areas of foundation where the block isexposed.

Personal property not included (no furniture/hot tub/ toys)Rental survey the 1007 is long term compsYour lender should have gone over this before you paid for the appraisal. 

They are primarily a new unit vendor but often resell good quality ones hauled away from new installs.

Their cash flow numbers are just not accurate over the long haul!