If a house has enough moisture issues to warp the baseboard moulding then there are other issues to be addressed.

Zach,Some investors might be buying strictly on an appreciation play or might want to show losses to have a tax haven.If you are investing to actually make some money this property won't be it.I see investors daily overpay for properties and they come to me saying I am in a world of hurt now.I tell them you have certain options as you can't "unring" that bell.If I was you there are other markets to invest in where you can get great returns.Everyone seems to be making money in your market etc. is what you are saying.Buyers and sellers tell a rosy story but many of them have lost their shirts or bought wrong.If you can't find a decent deal in your market look elsewhere.I understand about the oil thing.With these types of things there are some winners but big losers as when it crashes it does it hard.

Tenant to be in default of the lease, initial fee and/or daily fee until pet has been removed, etc.

The lease stipulates charges for late fees(an initial charge and then daily).

Roofer put on a new roof and charged me $12,500, however when I had the roof checked a week afterwards, I found he put a new roof over old rotten boards and the moisture bumps were starting to show- he was to replace some of the boards as stated in the contract.

Are you certain that your area allows you to rent out your home on a daily or weekly basis?

He pointed out the condition of the underlying walls, floors etc and what should be done to each area prior to tiling and flooring, which is extremely important when rehabbing an area that is subject to moisture.

I just kinda read the daily articles, and moved on with my day-to-day operations... you know what I mean.

They are able to track monthly, weekly, and daily.

I already see many differences from the simplistic national version sample I had.I hope to be a knowledgeable veteran investor like you, one day and will definitely remember to give back by sharing wisdom as you and many other investors do on a daily basis on biggerpockets.com.