Amazing how fragile porcelain can be :/ To make a long story short I attempted to replace the toilet on a damaged floor without knowing about adjusting flanges or whatever the heck they are called for 2 whole days...

Any insurance claims for damages to the property were settled when the property was restored to full operating condition.Seller dislosure tells you about any defects with the property that you may not be able to see.

My operating expenses are mainly water sewer garbage.

Fine, if you buy that house and get that $700 in rent, month after month, year after year, with very few late payments, missed payments, extended vacancies, evictions, and/or property damage, then you're right, you did find a great deal.If anybody here has several (not just one) rentals in a certain area that truly meet this 2% "rule" AND have met it for several years (not just the last 2 months since you bought the place), I would really like to know where they are.

Not only that, my ready to move in tenant will buy the property from me in 5 years and make payments to it in meantime in edition to rent.Issue is it is in a flood zone - mind you last hurricane irene here in NJ not a drop of water in basement.

It's probably REO, so the electricity is usually off (unless there is very good reason - I went through one that had a sump pump running continuously even though the weather was and had been dry; I suspected a spring of some sort was pumping water into the basement).

Namely, look for any leaks (we once found a bad water heater that was peeing all over the garage floor) and any electrical problems that may shock you (pun intended).

If someone damaged it, they should have paid, not you.Landscape?

The dog is small and any damage has probably been done.

More people, more damage. 3/2 is still the "standard".How about size?