That is why we have 30 days (state depending) to return security deposit with itemized deductions.

The profit if any is small so any unforeseen items could easily eat up any potential profit.Good luck!

Sorry this ended up being a scam, but I have bought and sold quite a few items on Craigslist in the past including several motorcycles and some appliances.

In NC those items would be normal wear and tear, and you would not be able to charge for them.  

These will be classified as passive losses, so you can't write it off against active income you may personally have.

In case of net loss, the amount is deducted from the owners for that month in proportion to ownership %.

When inspection items or other reductions come into play my fee is OFF THE TABLE for negotiation.

I personally have kept all of our houses for 3 reasons1) place holder in the appreciation - if the house goes up in the market i can capture them.2) tax shelter- any "book" loss because depreciation helps me with my taxes, and gains are shielded by depreciation3) principle pay down- Your tenant is also paying down the mortgage.The key of course is expenses.

You will want a termite inspection since wood wasn't treated in that era and if you suspect say termite or beam damage have someone look at those items. 

Stocks and bonds, medical equipment, food and grocery, pretty much any retail item, cars, clothes, real estate... they all have their middlemen.Investing in real estate, especially wholesaling, has become wildly popular within the last 5 years.