Went into the basement with a phone for light source and as I was walking down the steps, I took what I thought was the final step and ended up in about 2 feet of water.

Only once did I re-negotiate because of termite damage that I found during the inspection, but even closed on that one after a small renegotiation to the price.

Owner pays water (about($150/ month), tenants pay all other utilities.The place is well taken care of with no obvious defects.

I am going to be meeting with a real estate agent to look at some distressed properties and want to know if anyone has tips about how to estimate the cost to repair any damages to the property in order to figure out if the property is worth the investment.

It will be nice to have 2 paid off houses.Go figure the worst property as far as under water on is the one I live in.

Are you including heat and water in the rent?

Sheet vynle is pretty cheap, cheap to have installed and helps with water to an extent.Of course all of this in my opinion.

The most expensive appliance to fail is a water heater if it is not caught early.

And some of the responses from pros and experienced investors are saying, jump in play in the water get your feet wet.

Just looking at it makes both your eyes and mouth water.