The elements beat against the front door and you're coming in with wet shoes for a good part of the summer months.

Which is essentially just getting it under contract and sell it to another investor who is wanting to remodel and then sell it for retail.

It means the homeowner got sued and lost and now there's essentially a lien against their property (often called a "cloud" on title).

If I could do that I would essentially have free houses with a pretty good return on investment.  

Essentially, my accountant said to calculate out the percentage of SF used by the tenant, and then all expenses get apportioned by that same percentage, including depreciation.

Unless you intend to restore wood windows and other specific elements you might want to skip this.

So, after the drill, I'd put a sawzall as number 2.You also need a good assortment of drill bits, screwdriver bits, and blades for the sawzall.Working on a car a socket set and a set of combination wrenches is essential.

I do have a rental house with somewhat similar purchase/rent numbers though that doesn't cash flow well on paper, but it's completely remodeled so at least for now my maintenance/repair costs are essentially 0.  

Meth remediation is essentially a full gut job, usually down to the studs and probable removal of the HVAC and all ductwork if this was truly a manufacturing facility and not just smoking.I would encourage you to call these folks and talk to them about what your concerns are.  

If this is your PM markup I like it a little better then a straight %   I would be inclined to talk about the late rent charge with them because essentially they get rewarded for poor paying tenant.