I asked the roofing company at that time if there was anything more I need to do, since the area inside the roof must have got wet due to the rains, and they told me not to worry and to paint the discoloration on the drywall that happened due to the water, after the drywall dries up.

I'm not even including taxes, water/garbage.

This is where the experienced guys who know how to keep their heads above water can make moves that will set them up for a great deal of long term success.

I used a household power washer but I think it might need more than water to remove the grime.  

we felt that in these 7 days we received the best and indispensable education we could get only by jumping into the water.

I've had plenty of investors dip their feet into these waters and none of them end up pulling the trigger on actually doing it after doing the math.  

It blows FHA out of the water!

Nice way to add water and have instant 100 home portfolio.. then you can just sit back in your barcolounger and let the cash flow roll in.( just kidding I know its a full time job chasing these renters in these asset class's)  good luck with it.

Total Rents ($1,127/mo avg)                          $81,120Vacancy 7%                                                    ($5,633)Net Rents                                                        $75,487Property Management 10%                            ($7,549)Taxes ($3,265/yr)                                           ($19,578)Association Dues ($1,500/yr)                           ($9,000)Insurance ($325/yr)                                          ($1,950)Deferred Maint ($100/yr)                                     ($600)Plan for Special Assessments ($50/yr)               ($300)Cleaning/Prep/Updates ($75/yr)                         ($450)Water/Sewer (part of assoc dues)                          inclLanscaping/Snow (part of assoc dues)                  inclLegal/Accounting/Tax Prep                                ($500)Other                                                                        $0NOI                                                                  $35,560MORTGAGE (80%, 30yr, 6%)                        ($20,951)PROFIT                                                            $14,609PURCHASE PRICE                                       $364,000DOWN PAYMENT                                           $72,800CASH ON CASH                                                   20%

I'm in my mid 30s and many people my age are still living paycheque to paycheque.I'm a mortgage agent in Cambridge, and id love to help you navigate the water, so at least you are prepared when the time is right.