Personally I only invest in B- and above neighborhood and only had to deal with eviction once due to tenant job loss.

You likely want to take advantage of being able to write off items as if the property is a rental property.

He mentioned that he has not worked out market pricing on all of his properties and does not have an updated profit/loss/expense sheet on every one at this time but he would get it to me hopefully by the end of this week.  

Tristam, you stated, "theft isn't covered, but vandalism is"Which would lead me to believe the property was not occupied at the time of the loss. 

I'm all for being nice and helping folks out, but without the discount it seems like the investor would take a loss on this no? 

What made them call you - what kind of repairs are NEEDED - so on and so forth....By the end of the meeting, you both will have "itemized" the areas that need work, and that gives you a jumping off point with how low THEY are willing to sell for, and how justified you are when you give them an idea of how much you'd buy for...The BP podcasts with Michael Quarles was great with this - He was on episode 77 where he discusses talking with these potential sellers with some finesse...He also was on episode 81 speaking more to marketing strategies as a whole.

People may be able to provide you what they pay, however, sometimes items like location, specialty of the accountant/attorney can make costs defer from person to person.

I've always read about successful flippers/rehabbers that have done so many flips that they now have a set of items that they use in all of their properties because they know they work well together and are priced right.

These are all big ticket items you want to stay away from.

Hello, I'm interested in understanding the responsibilities of a property owner that would not be handled by a property manager (or that would be a la carte items).