Also, knowing the law and keeping your properties in good repair will head off most problems. 

He heads a meetup.

I think it ran about $2,400 for all the materials including the weather-head & all ancillary conduit.BUT build a shed or a deck & you'll need a permit ???

@Micah Hensley I was just thinking about doing this for my rentals. seems like i know the numbers in my head but i never got around to actually putting the numbers down into a spreadsheet. i think i’m just going to start listing categories ex; property, tax, insurance, management fee, rent, current value, purchase price, total rehab, to date repairs, etc. then maybe do a final value for roe. not sure how this will work but maybe i see something when all the numbers are laid out.

Joseph While $120K is certainly headed in the right direction, there's no need to guess here.If you have access to the property, which I assume is vacant due to the mold, you should be able to have a skilled contractor go through and identify all the problem areas and the cost to address each of them.

Hi Joseph,Why not make story 1 Grandmas house (with everything she needs (quick temporary type remodel--walk in/roll in shower, handicapped water closet, one of those beds that auto tilts up at the head, and a new big screen TV. 

Or maybe you do some serious driving and head out to some in DC or Baltimore.

Then, when the problem occurs, you'll be prepared to handle it instead of panicking to get your head straight.Examples:Tenant pays lateTenant doesn't pay at allTenant asks you to waive late feeTenant asks to move their due date for rentNoise complaintsTenant fails to water/mow lawnUnauthorized petUnauthorized occupantTenant wants to break lease earlyTenant abandons rentalTenant abandons rental and leave stuff behindTenant refuses to let you or a contract in for inspection or repairsYou get the idea.

Summerlin near Charleston is pretty much the prime Summerlin location, unless you head east past Durango.

But, it’s a head scratcher: why wouldnt you buy something under value and fix it up to greater value instead of spending more money for a turnkey type property ... to max cost segregation ?