Happens every day, all day, embrace it.

That is moisture penetrating the stucco from either not being sealed properly when first painted or the stucco cured to quick when first applied. 

Now, you might ask me, “Vinney, I would like to actually have all my students take an excel worksheet and write down the area they’re going to penetrate and also the broker’s name, their phone number, their e-mail in the next column, and then the brokerage house, realty house that they belong to and then you put ten different columns: first contact, second contact third contact, fourth contact, fifth contact.

There are lots of videos on YouTube that will outline the most important part - water penetration prevention.In your neck of the woods, window frame construction material is a toss-up.

And if that $1M asset comes with $750K of debt, you'd better believe (and I do trust my PM) that I'm laying eyes on it myself from time to time.So if starting with a single $50K property is just a first step then I could see embracing the travel costs.

If the previous smoker was a heavy indoor smoker (probably the case in light of the lingering smell) then the odor can penetrate sheetrock more than most people realize. 

Exterior water penetration is usually a bonus I have found.  

Dropping the chimney in height could cause carbon monoxide to flow over and penetrate the roof.

It won't be perfect but embrace the "handcrafted" imperfection of your floors. 

This was the situation in 2003 also, but instead of incomes putting a ceiling on prices, "creative" lending structures were implemented to allow the ceiling to be penetrated without the income growth.