For example, if a new roof would cost $15,000 and last for 30 years (both completely hypothetical numbers), then you'd need to save $41.67/month just for that one item. 

After checking out on the county's appraiser and tax collector websites, I found out the owner has the mailing address at the property and that there is a tax certificate on the property.

Given the huge number of individual inventory items in a convenience store and liquor store, selectively doing this would presumably be pretty hard for me to track down. 

Once you do that, HM and HELOC's become a back burner item for you.Good luck.

Besides, you'll need someone to point out all of the FHA required items that must be corrected to meet FHA MPS/MPR.

Those are 2 different items.

these are the some of the items I've used and have seen other lenders use. 

When you have enough proof before you file for eviction based on breach of lease then do an inspection of the property -- take pics of all his personal items throughout the house (toiletries, dirty laundry, clothes in closet/drawers, etc...).

Another update is that you no longer need to store tenants items once the lease terminates with a couple common sense exceptions.

There are many management items that can really make the difference between treading water and sinking.