Are you wanting students that are aging out of foster care or people with mental health issues or seniors or... there are lots of options but I’d be nervous about why it’s vacant and being foreclosed.

Habitability is the condition of a unit in which tenants can live free of serious defects that might harm health and safety. 

So my mortgage payment is $1400, HOA $575, insurance  $60, property tax $ 479 and auto loan $276.

We were able to secure this house for 78k, mortgage with taxes and insurance is going to be $432 and will be bringing in $1125 a month. 

Unless it’s frangible (deteriorating), asbestos isn’t considered a health issue.

I am surprised but people in SF Bay Area are still buying properties over $2M as if they don’t care about $30-$35K of property insurance plus the interest on the debt over $750K.

Abstract fees (abstract of title fees).Charges for installing utility services.Legal fees (including title search and preparationof the sales contract and deed).Recording fees.Surveys.Transfer taxes.Owner's title insurance.Any amounts the seller owes that you agree to pay, such as back taxes or interest,recording or mortgage fees,charges for improvements or repairs,and sales commissions.Settlement costs do not include amounts placed in escrow for the future payment of items such as taxes and insurance.3) if there were other costs incurred to acquire the house such as if you spend money for tax advice, tickets to fly to look at the house( or milage)  and such also gets added to the basisGood luck

That $2400/mo has to cover PITI (Dont know taxes or insurance in your area) with 20% down, and that would give me my maximum price for that property.

Take the pets photo, get proof of insurance, shot card registration, rabies and whatever else makes you safe and then I have no problem renting to pets.If they pass that inspection show up at their current residence and ask to go inside and inspect for pet damages.

For example, if you open a wall / expose and old wiring (specifically Knob and Tube) you must remediate all of it to get any insurance company to give you a policy.