However, I would also invoice the owner for supplies (toilet paper, granola bars, etc).

Also frozen pipes, running toilets, leaking roofs, old windows/doors, lead paint.

Aside from that, it's been fine except that the line to one toilet gets air bubbles.

If that "incredible rate" and "incredible market appreciation" doesn't pan out (and counting on it is pure speculation, not investment), any longer vacancy, tax increases, rental cap, repairs will transform this opportunity into a money pit.Speaking of repairs, I would call finding a property for 20% under the market, without need for any repairs (minor or capital) a unicorn, not the RE investment norm or beginner territory.

NO STANDING ON THE TOILETS!

Clogged sink or toilet.4.

The plumbing needs work under all of the sinks and toilets, but I was budgeting to replace all of it anyway.The exterior is in MUCH better shape than I thought.

If those numbers pan out, I would very seriously look at investing in Caribou, ME myself!

All items must be kept neat and orderly.All heating vents will be kept clean and free of dust, dirt, and mildew.No noxious, offensive or foul odors are to be permitted to emanate either inside or outside the rental unit from any source, including but not limited to spoiled food, accumulated trash or debris, liquor and beverage containers, dirty laundry, sinks, toilets, bathtubs or showers.

I'd made a couple recent offers in that area actually, but none of them panned out to closing.