Capex really chunks down those returns on long term holds too so try and get really specific on the lifespan of those mechanicals so you can budget down to the penny every month for replacement.  

I suggest that if they can to move mechanicals up to the next flood or higher.

But on average, it is just like with a rental and tenant screening, the first month rent and deposit is one of the screening mechanisms, proving they have some ability to pay the rent...

Basement has storage and mechanical systems. 2 sump pumps in basement, Bosch fires alarm with pull stations, skylights, 4 Rheam 3 ton gas forced heaters, 120/240 volt single phase electrical panels. 13 parking spots.”Taxes $15KHow do I get run the Rental and maintenance expenses etc. 

My Background is a mix between mechanical engineering, sales/marketing, and REI.I have been looking for some friends/connections in the field: investors, prop. managers, brokers, agents, wholesalers, and contractors.

I have watched a few of Scott's Youtube videos and found them helpful, but I really appreciated his openness and forthrightness about the mechanics of note investing in the phone call.

In fact I'm currently helping one with her first deal more or less as I write this (multi-tasking - sort of :)For general advice I usually say, wholesaling is both as easy, and totally not as easy, as they make it look/sound in those seminars & commercials.It can be easy, in the sense that the mechanics are actually pretty simple.

I have a full-time job as a Mechanical Engineer but want to build wealth with the desire to provide for my family's future. 

Seems like property owner paid way too much (huge mortgage outstanding) and now can't afford taxes or vendors (as there are mechanic liens outstanding).

MaxQuit being a mechanic who's confused about how to use a wrench!