The FHA loans are very fee heavy along with the fact it can take up to 6 months to close. 

What we receive from the properties (which include mobiles in Merced County) has not been able to cover an ongoing, unforeseen family situation we'd never anticipated. 

We calculated PITI before at $3,105, which leaves you $95/month to cover management (if you don't self-manage), repairs, maintenance, vacancies, turnover costs, etc. 

, heavy industrial, office buildings, nursing homes/assisted living facilities.I would be happy to send you some more info, feel free to PM.Best of luck!

Similarly the prior owner, again unless he did something intentional to cover up the defect, you bought the house 'as is' as of the day of closing.

It will cost $1,600 to get treated and I'd like for the sellers to cover this if possible.I'm considering installing solar panels, but not sure if it would work well with this property due to a large number of trees.  

Does it cover replacement of the structure or simply what's owed (assuming there is a mortgage in which case the lender is paid and you are left with a smoldering pile of rubble)?

Keep in mind title insurance companies differ in what they can and will cover. if one doesn't cover it, perhaps another will.

Appliances are not included in the insurance claim of what's being covered by insurance since that falls under "personal" items.I am planning to buy a new kitchen set with the Black Friday deals coming up; however before I did so I wanted to see if anyone had any recommended tax strategies in terms of categorizing them as a repair vs. cap ex, or being able to possible deduct the expense or depreciate them?

Am generally not a fan of inheriting tenants and if I do, I prefer that my lease be implemented, but clearl y that is not always realistic.Thank you though for this suggestion and I am going to try to see if working it from your suggested angle will work here in Colorado.In the end, I want to set up a lease that does not have holes, that an attorney, God forbid we ever have to evict (though these tenants do not seem like the type to cause any issues and I generally am a good landlord and stay away as long as you are following policy, so thus having a detailed lease that covers most all and then just backing off.My inspections are generally once a year, outside of the move-in, move out.I also stay very engaged in the running of my property, thus self-managing as in the end, I strive to provide a place I would enjoy living and I actually live on one of my properties.Long story short, don’t care for the very vague lease that the current property management company has running.Additionally I have little confidence in the way they were managing the property.The property has so much potential but has clear signs of neglect and I intend to change that as I never simply abandon my properties.On the question of current lease, I have combed through it repeatedly and do not see any mention of what happens at lease expiration only what happens when tenants are seeking to terminate their lease, “30-day written notice required”.No stipulation on what is required of landlord at end of lease and/or automatic renewal, both items that I cover in my lease and another reason, why am not a big fan of the existing lease.Leaves out a lot.I prefer having systems in place where there is little chance of misunderstanding, so thus the nerves on this one, but I will get through, thanks to you all for all your great advice!