FYI Maryland requires third parties to rely upon a properly executed, witnessed and notarized POA... subject to damages if they refuse.

You can then choose to walk away if the numbers don't work.Also, you should request/receive thorough disclosures from the seller/ seller's agent that also notes areas that need repair, or items that were recently replaced (i.e. water heater was replaced last month, etc.).  

@Wayne Brooks The expenses listed include gas, water, taxes, and insurance.

Before you know it, you'll be testing the paint for lead, the water for arsenic, the air for mold spores, pulling up the subfloor to determine the radon seepage, raking the yard looking for poisonous snakes and camped out with a flashlight and a machete in the yard in the dead of night warding off the threat of a zombie apocalypse while they chat up your other tenants into a class action suit to address your "negligence."

I have guys who can finish the building after its framed but the cost of foundation, framing, paving, water and sewer lines cost a fortune..To me it doesn't make sense if it's not high-end A class..

(mortgage, water, hoa.

About two weeks ago I found a leak in the roof of the rental and it has caused some pretty serious damage to the wall in one of the bedrooms.

Another reason to deny them the claim is any mold or other issues the water caused.

I know you've got them because when you're analyzing tons of deals you're not stopping the whole process to get an exact age on the hot water heater :)I usually plug in 1% of purchase price per year for CapEx for a SFH plus 4-10% of gross rents for repairs.

Oil and water don't mix.