You guys are making me glad I don't have any LTRs.I did have guests who checked in on Christmas Eve and at 1am on Christmas Day asked me to provide new pots and pans, as they said mine were scratched and they didn't feel safe cooking with them.I wound up getting them new ones the following day (I won't even get into how incredibly sick I was at the time, too).  

Your market is a large factor in how these investments would pan out, good luck! 

So hopefully they pan out well....

Sinks, toilets, lights, and faucets may vary based on if you are doing a high-end or builder grade.

You are buying from someone that barely keeps the toilets and sinks unclogged and maybe repairs an appliance or fixes roof leak, once in a while, when it gets real bad. 

@Jason Arcuri It looks more and more like this will be a flip and not owner occupied, so Sachem Capitol might just pan out.

At first, we thought the issue might be coming from the loose toilet and so a plumber came out to diagnose the situation.

Underground leaks can be harder to detect, but if the toilets and faucets are all working then I would start checking for underground leaks next. 

Somewhere around the 3.2-gallon-per-flush era, it also became a requirement that the flush size was marked on the toilet - usually it's right behind the seat bolt holes, where you can see it by looking down at the toilet with the lid closed, but it might be stamped inside the tank. 

Sure there is a RISK for a crazy, non paying tenant who blasts loud music and calls you at 2am for a broken toilet, but doing your due diligence when placing a tenant will mitigate that.