@Diana Dorantes, do you mind if I ask how much JMR Holdings charges for the management fee?

Somebody handy could do that for under two hundred bucks and you can have peace of mind your property isn’t being ruined .

I have one more question if you don't mind.

Restoration company will use Xactimate and submit the scope of work, line item by line item, including any work required to test and remediate asbestos/lead paint (most likely, they'll hire a 3rd party specialist to handle that), coordinate things with your Public Adjuster, and your PA will liaison between yourself and the insurance company's adjuster (the insurance adjuster has the insurance company's interest in mind, not yours, so don't think the amount they quoted you is what you'll be entitled to on the claim). 

Keep in mind this person made another landlord take the matter all the way through the whole eviction process for it to show up on her record.

Keep in mind the number of properties is irrelevant it's the amount of passive income you're trying to obtain, whether your target can be done with 5 properties of 15, it's the income target that should be the goal not the number of doors/properties. 

There are so many resources on here that will help you.Attend local REIA meetings and connect with like-minded investors: http://www.biggerpockets.com/meetRead the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingListen to the BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/

Banks will not typically lend for a home such as this for various reasons, and I do not mind as I do have the cash for it.On the negative side, I do not know what to expect in regards with initial repairs, and being a 100 year old home there are bound to be more problems down the road.

In looking at it from a sellers mind, Earnest money makes it look like your serious.  

I stumbled upon BP through You Tube about 3 months ago and have been hooked ever since. { I do enjoy the ribbing between Josh and Brandon} Not sure if there are many BP folks way up here but it would sure be great to meet some like minded Rich Dad Poor Dad fans.