Are you adding in realtor fees and also holding costs like insurance, electric, taxes, water and garbage?

Needs to be fully gutted and had both fire and water damage.

It could be worse - My PM drinks coffee and reads too long in the mornings, gets on the job by 10, goes to lunch by 1130, the gym by 2 and home by 4. 

The seller’s attorney obtains the water bill.

You are aware of the POTENTIAL problems;  are there things you can do to make it better, like ensuring water runoff is not making it worse.  

Most water intrusion is due to improper drainage and can be addressed simply by ensuring the gutters are in good repair, have downspouts and extensions and also make sure that the soil is graded away from the foundation.

Easy to install, looks great, easy to clean, wears well and holds up to water.

My first few inspections were helpful to help understand building systems and routine maintenance schedules (don’t have to worry about that stuff when you’re a renter.)Sadly inspections afterward, for investment properties, only turn up obvious items that’s hard to miss if you personally walk the property looking in the nooks and crannies.Rot, poor wiring, improper framing, water leaks, etc that are behind the walls is when I’ve gotten into trouble.

After two heavy rains water is leaking into the building through the roof and windows.

Discuss project over drinks and review material he shared.