Document the damage and split pipes with plenty of photos, send it all to your insurance agent, assuming the actual cost of all repairs will be worth making a claim.

Here's a specific list of expenses:Expenses per month:Rent $2,375Internet $30Short term rental insurance: $50 (Covers any liability, damage or lost income because of natural disasters)Toiletries & refill supplies: $20Repairs & maintenance: $20All other utilities covered by landlordFurnishings and start up costs: Almost all furnishings were already in said property when we took over the lease.

Make sure your tenants are making other arrangements, either on their own or through the Red Cross (their Renter's insurance should provide them lodging, and, if they caused the fire, might handle some/all of the restoration).

Aloha,Typically yes, water intrusion during heavy rains can be a code violation, or create violations, depending on how and where the water is entering, and what damage results.

Purchase price: $30,000 Sale price: $53,000 Lead came in out of state investor looking to sell we contracted this house for $30,000 it was lightly fire damaged What made you interested in investing in this type of deal?

Also ask about the move-out condition of the property (if one that isn't where they currently live), and whether there was anything owed at move-out and what damage occurred.With smaller operations, I try to get a conversation going, where lots might be told without even asking.

Normally death, divorce, fire, water damage, buying selling homes, etc.  

I like to avoid evictions for the sake of damage to the property, time it takes to evict, and cost of eviction.

This can be accomplished from the interior as well, however it's more effective preventing moisture from coming in (exterior), rather than holding moisture back (interior).been trying hard to avoid excavating. and remember now......there is a span of wall that is nice and clear...and not too cracked up. so whether or not they waterproofed or not........that span of concrete blocks are relatively undamaged. it doesnt make sense that they would waterproof that span, and not the other span.so this is why i think i can just cover the damaged span of concrete blocks with a porch or something so that water wouldnt get to the span of exterior wall. id actually probably use plastic tarp in the beginning, so i could uncover that area during days of sun in hopes that any moisture inside the dirt would evaporate. when it rains, id cover up that area again with a huge plastic tarp.i would also improve the grading, and well the downspouts are already good.i could also do a french drain type thing...but i dont think that would be necessary.im really trying to avoid excavating. i dont want to pay $25K lool. i already have mold issues on interior joists that will need to be blasted off...and these joists are 30ft long and there are probably 50 of them going across the basement. and yesterday i was looking at some studs...and i think i mightve seen some mold on those too. super annoying, man.

-It is 40 yrs old-Aluminum wiring-No central air/no heat-Evidence of water damage around most windows, and kitchen flooring-I don't remember there being a hot water heater-Last owners replaced some windows and did a shoddy job-No car port/no storage shed-The cabinets in the kitchen appear to be home made with plywood and white paint-Soft wallsBUT mostly.. it's a 2/1 and they just don't move like the 3 bedrooms.As far as why did I settle for only 4k?