My earnest came out to $1000 and a few repairs are needed to get the house up to code which include , servicing the HVac, supply piping in the crawl space is leaking, no GFCI and a few areas that need insulation.

However if not going in a basement, make sure their is protection from an accidental leak.

Do you give notice to the tenant once a month or every other month to make sure there are no unreported leaks or damages?

For example, when a tenant wants to contact you about a minor leak, do you have them call you or your partner?

Is the property nickel and diming the profits because band aids are put on wear and tear items (HVAC, Leaking roof, rodents etc.), loss from poor applicant requirements, residents who do not respect the property, a slow eviction process, long term vacancy?

Tenants have never mentioned the shingle color being an issue and the roof is not leaking, but the inspector wants a closer color match for the replaced shingles.

Stone basements are notorious for leaking, worse than concrete.

One of the bathroom fans leak every time it is raining and windy.

Plus, if there was issues to begin with when water did leak, probably should of been there yourself or your property manager to see if anything needed to be done to prevent further damage from water and time. 

Sent a plumber out who found $5000 worth of work (water main valve leak, hot water tank leak, HVAC condensation pipe removed, main line back up from laundry).