@David de Luna cozy and VTS for thorough screening if it's your first time.

You should conduct thorough due diligence to understand if those issues apply to this property.

Lastly, I encourage you to thoroughly review the state landlord/tenant laws prior to this journey and follow them to the letter.

As always, it's important to thoroughly research Real Estate investment opportunities to ensure you find the best option for your needs.

I usually earn 150% to 200% on my money in less than 1 year for most of my investments.If you don't have a business model like the one I use then you will not and cannot achieve the goals I am explaining with the exception of blind luck and if you don't crunch the numbers thoroughly then you will never know what the maximum amount is that you can pay for a property and still make a terrific ROI, or you will never know which properties you need to avoid purchasing.

I suppose you have to honor their lease unless there is enough basis to break it, but I'd like to find more information on this.My concern is that existing lease may not be thorough enough, and may be excluding important clauses such as whether a landlord pays any utilities.Thanks in Advance !

Turnkey will work for me in the short term, which is what I plan to do, and once I have a few of those under my belt and understand all of it more thoroughly, I'll spend some time looking into syndications.But while I make a decent wage, I still would only be able to purchase two, possibly three, properties a year if I'm having to save $20K-$25K to put down 20-25% down to buy each one.

The $300k repair costs are based on a very recent/thorough inspection report and my GC's scope of work.

He is a professional, responsive, thorough and very reasonable on pricing. 

Depending on the amount of money and thoroughness of your evidence, which would be a very detailed set of plans, specs, contracts documented change orders, written communications, etc. a lawsuit may or may not be worth it.