I live 40 miles away, so I called the owner of the biggest plumbing co in the city and he and 2 techs drpped everything to get to the property within 10 minutes of my call.I had put a garage outdoor access remote on the outside of the house.. they couldn't get in thru that because THE POWER WAS NOW OFF.Luckily i had put a coded door knob on the kitchen door that opens to the deck-- i gave them the code and they were inside instantly.The water heater was STILL SPEWING WATER full blast in a stream so strong it was hitting the second story ceiling and hitting the ELECTRICAL PANEL also located in the garage and that's what had knocked out the power .The plumbers immediately turned off the inside water main cutoffand sent me photos of the EMERGENCY SITUATION the pm so calmly let me know about by email an hour earlier.i fired the pm co that instant and got on the phone to start farm (my rental policy ins co) whiledriving an hour to the property.i also called the city's best WATER EMERGENCY REMEDIATION COMpany while en route.When i got there, the water was turned off ( finally)the drywall ceiling had fallen in, the light fixtures destroyed, the garage door open case was HALF FULL OF WATER and there were 1000s of mold blooms on every surface and hundreds of stacks of spiky growing black mold (looked like iron fiilings we used to play with in that game we all had as kids where u use a magnet and drag the iron filings around to put hair and a mustache on the bald guy cartoon photo) the mold spikes were 1.5" tall on the woot railings and stairs going into the house, on all of my beautiful built in wooden garage shelves--- what a mess-- like the streets of Beirut after the bombs went offand I don't have allergies -- but i could not even STAND inside the garage because the WET MOLD MILDEW SMELL was so strong it instantly gagged me and gave me a headache and i couldn't breathe.So here Ewe are on Jan 17 and now i know that the BEST rental dwelling policy dies NOT COVER MOLD REMEDIATION AT ALL ( so far $14,000) but it does cover water damage with a $2500 deductible...

PRIOR to the laws being enacted  Nothing happened but they are tough folks.I had to send them copies of every deal I ever did in WA which was Hundreds of files... just the printing was a bunch of money.. then of course they never say anything just leave you twisting in the wind. 

It's located on Theda Avenue in MemphisPurchase is 53k (was 56k but all cash got reduced)3 bdrm, 1 bath projected rental is $750Top to bottom remodel (Room, HVAC, Furnace, Outlets, fixtures, Floor, paint, toilets showers, cabinets)My questions are:Is it better to pay higher for a house (80k to 110k) for higher rent and better area and lower Cap Rate?

The radiator components are falling off, the window nets are slashed, and the kitchen cabinets are scratched and chipped.I have a security deposit ($1600) from the tenant, but I’m afraid this will not be enough to cover the damages.

It's located on Theda Avenue in MemphisPurchase is 53k (was 56k but all cash got reduced) and will refinance later3 bdrm, 1 bath projected rental is $750Top to bottom remodel (Room, HVAC, Furnace, Outlets, fixtures, Floor, paint, toilets showers, cabinets)My questions are:Is it better to pay higher for a house (80k to 110k) for higher rent and better area and lower Cap Rate?

You can take them 3 weeks apart if my memory is correct, there are 3 of them.The state test is very easy, I paid $50 for some multiple choice tests via Kaplan and did a few hundred questions and that was it.Test focuses a lot on disclosure and how to handle deposit money, basically don't be an idiot, dishonest thief.  

If you transfer the title after, it will cost a few hundred dollars to get it switched. 2) Banks won't approve any house that won't pass inspection, as it's deemed to risky.    

It is these types of claims for which  insurance is meant and in my opinion the few hundred a year in insurance is well worth that protection.

selling it to somebody as a turnkey with only a hundred dollars a month cash flow might be a little hard to do.  

If you have a home that is significantly nicer than what everyone else is offering you can ask a few hundred dollars more.