Next time pull the carpet back and put a fan on it to dry it out vs replacing it.  

It's pretty easy to extrapolate construction costs for basis with the total land absorbing the excess.  

You should note that the abundance of low value properties that were readily available over the last couple of years are really drying up as the real estate market has rebounded.

I believe the BPO train is about dried up as well.

I'm at 6 rentals now but I'm about dried up in terms of funds LOLCongrats and keep inspiring!

My realtor and the seller's agent think I'm being excessive butWhen I originally ran the numbers $450,000 was my maximum purchase price, including repairs, closing costs, etc. 

Or whenever the value goes up enough you could continuously pull out excess equity tax free with a cash out refinance to reinvest, stay leveraged up, and take more interest deductions. 

And the basement is not a dry basement. any not-too-expensive ways to make it a dry basement?

I choose the quicker, less expensive route of tub repair.Because my tenant would not be able to use the tub for 3 days while it dried, I made reservations and paid for a hotel for her to stay in.  

When we see a weakness in one of the key areas, we may ask for additional security deposit to reduce our risk.Here is an excerpt from our Rental Criteria:FINANCIAL/CREDIT HISTORY1.No outstanding debt to previous rental property owners.2.No outstanding debt to utility companies.3.No outstanding debt in excess of $1000 that is not in a payment plan.4.No excessive monthly financial obligations - more than 20% of income.5.Lack of credit history or marginal credit history may result in additional security deposit. 6.Derogatory credit (past due accounts, collections, charge off accounts, tax liens, judgements in excess of $1000 and/or bankruptcy) may result in additional security deposit or denial.