We’ve only checked condensate lines thus far because of some water accumulation in the ceiling.

There is obvious water damage on the ceiling and near the shower and the bathroom the floor below.

The Southern Nevada Water Authority has a landscaping program where they’ll reimburse the owner $3 per square foot up to 10,000 square feet to replace landscaping with water conserving plants.

So if the roof and HVAC have recently been replaced and it’s on city water and sewer than you can feel more comfortable putting down a high DD.

@Daniel Drewyor If you can hook up to city water include that number if not, assume you will need a new well and septic and use that number.

Cleared everything with county, water, sewer, and Smud, and now we're getting the plans drawn up.

If there might be some resistance, I have offered to pay last, security, and an extra month for them to vacate.  

Preety much both bathrooms have mold and cabinets are all destroyed with water damager etc so we have a lot of work in 10 of thousands of dollares. 

My ground floor tenant had minor water damage after Ida ripped through NY on September 1st.

Financing: Conventional 30yr fixed at 4.75%Purchase price: 215,000Down Payment: 43,000Loan Amount 172,000Closing costs: 3,000Total outlay: 46,000Income:Monthly rental income:  (700+700) = 1400Monthly expenses (please critique my % allocations, based off BP calculator recommendations):Mortgage: 897.23Vacancy 5%Prop Mgmt: 8%Cap Ex 8%Repairs/Maint: 8%Water $60/monthProp Tax: $125/monthInsurance: $77/monthResults:Fails 1% rule (Needs 2k in rent or 140k purchase price)Fails 50% ruleCash Flow -$165CoC Return -4.3%https://www.biggerpockets.com/...Bad deal as is, huh?