Insurance will cover the cost of rebuilding.

@Daniel Tkach you need to be working with someone that does rehabs themselves to be able to tell you how much it's going to cost after walking it.

It's going to cost you a few thousand, so come in from a position of strength.

I'd say all the stats are similar from Cincy, Columbus, and Cleveland EXCEPT we are a lower cost of entry by $36k(cincy)-63K(columbus)!

Full Brick Detached Duplex in Optimist Park (4 Bd/2 Ba) 1610 sq feetPP: $565k                                                                                            DP: $28k                                                                                              Closing Costs: $0 ($15k seller credits)                                            *Used to cover CC & Buy Down RateRenovations & Furnishings (MTR/STR): $47kCash Invested: $75kARV: $675k-$700kJust a quick aside, I think right now is a great time for an investor, because there are a lot more people on the "side line".

That said, ant baits can be effective, depending on the infestation.

Unless you're in the business of evicting tenants without giving them a reason, then your business shouldn't be effected. 

I was thinking of using these funds for the closing costs instead.

When you have a loan on an RE, you have it leveraged meaning you “own” it without having “paid” the full cost.  

It seems like many of these things could be taken care of by RentRedi for a much lower cost.