An area of the house drained directly into the ground, and the other line was collapsed but then the owner didn't really want to fix these issues or not with any expediancy when he did. 

To summarize, the process would have two phases: 1) Construction phase, 2) Management stage.

And yes the pm now days use the apps and if your going to NY if it was me I would want some boots on the ground doing checkups and taking care of the calls and turn oversand such.

Our intent is to be long term buy and hold investors Phase 1: Construction Construction time is ~12-13 monthsWe’ll fund construction with a commercial loan @ 4.99 fixed for 20-yrs w/ 25% down (~67K after closing costs / 3-4 draws during construction at interest only)Additional carrying costs include insurance, property tax, etc. (~$200 - $400 monthly)Current net cash flow from existing REI will cover construction time related carrying costs Phase 2: Post Construction / Tennant Occupied Rent the three units for $1200 each unit / $3600 total (our team feels we could yield ~$1300 – $1400 per unit present day.

Make sure you add to the listing that potential buyers should not disturb tenants or walk on the grounds etc.

But your power company can add a surge protector to your meter to help draw another surge that is not a direct hit to a ground and help protect your appliances in the future. 

I work with a builder that does ground up in OC, holding costs just on the loan for the lot $144,500 for the last 17 months to get approved to start grading his week.   

@Dan Nguyen The issue you are probably going to see right now is the cost and lead time needed for materials whether you are going to value add or do ground up construction.

I will follow wherever that property is purchased and be the boots on the ground for a couple of years with my primary focus being value-add and expansion of the portfolio.While I'm still actively connecting with those in the Colorado market, I would love to expand my group out to those in Arkansas.

I even have little signs up telling them how to use the washing machine (always leave the door open to prevent mildew) and dryer (always clean the lint filter) and kitchen sink (no FOGs, no coffee grounds) because I can get away with it renting to kids.Same kid just put a hole through the door with the doorstop.