Do not the loan companies—the loan companies. are companies—the loan companies who are doing the financing—make the clean-up?

All I have into this property is the closing costs, part of the commission I split to my broker, carpet cleaning ($120), and a couple small updates/repairs.

However, if the $20k was routine maintenance and repairs it should come out of the numerator as expenses, not added to the $50k denominator.

I'm completely out of money but I'm going to clean the inside myself and just wanted to know if anyone does anything particular to all their flips. 

However, they do have clean collateral and cleared up the taxes before transferring over.  

One of our tenants is for lack of better words, a hoarder and the unit is not clean at all and filled with stuff.

.-- Owners provide clean, safe, comfortable housing situations to people who can not afford to buy their own home.-- Owners maintain the property so those who cannot afford to do it have a roof over their head that does not leak (an un-doable repair expense for "The Working Poor"), and replace furnaces so they don't freeze to death in the winter, and replace hot water heaters so they can wash.The working poor cannot afford to buy furnace, let alone the price of installation.There is not a renter/owner problem in the USA, other than what is being artificially gined up.The system works well for both sides.Just my 2 cents. 

For those who do not meet these requirement, automatic double security deposit and/or a rock solid cosigner who lives locally, owns their home, and has squeaky clean credit.   

If you're going the umbrella insurance route, make sure it will cover you for several things including just the routine slip and fall (like mold or earthquake).

I am understanding that these numbers are not part of the Net Operating Income as they are not considered routine yearly expenses.