I know they aren't financially solvent so I'd rather them use the money to move.

However, black mold was found behind washing machine on drywall that was behind slightly peeling vinyl baseboards. 

I had an appraiser tell me that the sidewalk needed to be pressure washed because it was a slipping hazard in the rain.

A wash of dilute muriatic acid--USING PROPER PROTECTIVE GEAR AND PLENTY OF VENTILATION.

But many of the students go and come back only to focus again with the income opportunity and market NR to other people; wash and repeat.

By the end of the day, they usually wash out and therfore whatever rule the investor chooses to use to calculate OE, they can use the same one always without need to adjust for higher property taxes, etc.Mike is able to find properties at huge discounts and able to get good enough rents so that his rent to purchase ratio is around 2%.

Assuming that maintenance and repairs will cost 20% of gross rents (I believe this number to be way north of what it will actually cost) we arrive at $1,015 for maintenance and repairs.I will also have an extra $2,000 in a revolving CD ladder as a slush fund to fix whatever Murphy's Law throws at me.So:Gross rents: $5,076Taxes: $701Insurance: $766Debt service: $2520Maintenance and repairs: $1,015Cash Flow: $74I realize this will be basically a wash as far as cash flow for the first year, but I think I have all my bases covered as far as projecting what expenses will be.

I mean, of all the people that you bump into day to day, how many do you think are financially solvent?

Leaky faucets are fixed, toilets no longer run continually, cars are not washed every day, etc.3.

What this place really needs is to power wash the brick".