Had I known the lines were disassembled, I could have called a plumber in advance.  3) Inspector failed to document a lot of 'minor' damage to the property including flooring that was 'unglued' due to water damage (I knew there was a plumbing leak, but inspector indicated it was in the kitchen; actually the leak was in the bathroom). 

Also there was water damage in the kitchen in the lower cabinets so they all needed to be replaced.  

They don't own anything can be evicted for non payment of monthly rent or damage to the property.If they are not ready to buy by the time the option expires, you can have an option extension period with proper prior notice.HUD has some general lease option agreements: https://www.hudexchange.info/resources/documents/e...Also, BP has a top 10 list of documents needed for landlords.https://www.biggerpockets.com/renewsblog/2011/06/2...

The roof needs replacing and there is damage to the home.  

I have a property that is a fire damaged single family and will need to be completely tore down.

If you see walls are broken just make notes on how many sheets of Sheetrock u need, if cabinets are damage you will need to replace.

Assuming no structural damages, this could be a good investment.I would love to get your thoughts on how to evaluate such a rehab project.

Several property managers in Chicago all explained that Illinois laws favor tenants in cases of landlords keeping security deposits for damage done to the unit.

It could be the difference between forgetting about an open faucet and flooding your entire bathroom with hundreds in damages.

The numbers will work but you may need to add more to the budget for turnover, lost rent, and damage as this area has a reputation for all of the above.