I have heard opinions about just leaving it as is and i get for some landlords thats fine but not really how i like to operate.It is hard to see from photo but the siding is so bad that almost all around the siding is rotted up 2 feet and open access currently into the shed for rodents and bugs etc.

And it's not cut and dry either - there are also C/D areas outside those neighborhoods, there are areas bordering those neighborhoods that are much better, there are no magic lines you can point to as the boundaries, etc.Also, very often MLS listings omit anything that makes the property sound less appealing (so they'll say "Elmwood" instead of "South Providence", or "near East Side" instead of "below Camp St").

The site was once an auto repair shop, across the street was once a dry cleaners, and next door was once a gas station. 

We immediately called a water mitigation co. who came out do dry things out but some damage was already caused in the form of ruined paint and drywall.

after a very we weekend, the basement stayed dry...a wet basement can be costly to fix but sometimes it isn't...the right trouble shooter can look at the gutters and the land and sometimes come up with a simple fix for a big problem....

If the siding is not rotted and can be rehabbed to look good I would do that.

Rosanna, sounds tough, sorry to hear.I actually recently had a small fire at one of my properties and I really feel like having a public adjuster is definitely going to more than pay for themself.That being said, your claim could end up being a good bit more cut and dry given that they're all total losses, so might not be worth the expense of paying a public adjuster. 

Our plan is to keep the powder dry and be ready to jump on opportunities as they start to become more abundant.

Most of the meetings around town have dried up.  

Hello again everyone,This question has been bothering me for quite some time now, so:I have a one door condo flat on the second floor w/ HOA that currently cash flows about 400/month.Purchased the property for $110,000 and the bank required $50,000 down (not dealing with this bank any longer).I put roughly $7,000 worth of work into the property and the unit will need a new AC unit next year ($4-5,000)5% over 25 years.Current value is between $160-165,000 (comps in the same HOA).Currently sitting on about $40,000 cash to cover any possible problems and looking for deals (dry in my area).Have two identical units, plus another similar unit that I live in.-- SO --Should I do a cash out refinance on the property and lower my cashflow to roughly $100/month, but pull out roughly $60,000?