Make sure you do your research on the reputation of anyone who might offer to help you so you don't end up in hotter water (there's a lot of great people on BP, but that doesn't mean everyone ) You may have to give up more of the future profit than you'd like-- but at least you'd stand a chance of getting to a profitable point.

It is purely "try this. cross your fingers and hope" strategy.

Expenses: $52,355-Janitor $400-Water $11,000-Repairs- $1000 (This seems so unlikely for a 19 unit!)

No mailed check or pick ups.Purchase price 300k and owner is giving 20k towards upgrades/repairs etc  Plan is to install surveillance cameras, lights, paint doors and shutters, 2 water heaters and new signage and minor fixes etc.

During that time, there was a water leak at the property (vacant property) and the water bill was over $5,000.

I have a property I just (yesterday) spent $1800 on putting in a filtration system to remedy bad water.

You might want to start the eviction process with the notice to pay rent or quit and see how she responds...she might just move out..and if not, follow-up and get her out of the property.I don't think you can start removing items from the property...you'll likely get it hot waters!!

Since 2009 I have self managed the house we bought because we are under water.

In my one rental that had concern about the possibility of asbestos tile (judged purely on the likely age of the tile) we just put new flooring over the top of it.

I like to use one gallon of concentrated bleach with two gallons of water and a cup of TSP.