The lights are on, there are blinds, and yard maintained...so I don't know. my tenant moves in this week so I just have to fax them lease agreement!

Ben Leybovich I agree that the online calculator is a powerful tool, not one to be taken lightly, especially if someone is uneducated in how it works.

There is another similar valve upper left above the hot water tank that also has a slow leak, but the lighting was poor so you can't see it:Closeup of the leak:Closeup of the other leak (this is the valve above the hot water tank that you couldn't see in pic 1):Also noticed this corrosion on a completely different section. 

However if you read any of my posts when folks asked about investing in this market I warned them it can go bust at any time. 

You want something in the side-drawer to mitigate the situation when you have a tenant escape into the wilds of the night leaving mayhem to greet you in the light of day.   

Do I need room for the light switch by the door?

If its coming from any other Red Light Thinker/Dream Stealer, well...

Got a light rehab you can slap some paint and carpet in for 10-15% discount to value, do it as a rental. 

It should be lit up in a light blue box.Happy Tagging!

@Walter Davis , Someone pushing a "quit claim deed" should be a warning sign for you (unless you prefer or have experience with these types of deals).