Divorces, probates, bankruptcies, fire damages, etc.?

See Vacant Building Ordinance and registration form at https://ipiweb.cityofchicago.org/VBRCN196039Post, on abandoned building, name, address and telephone of owner and owner's agent for managing, controlling or collecting rents on building so legible from nearest public street or sidewalk. (13-12-125)...but sometimes I see also a yellow sticker on the building. the building does not have a red cross on it. is the yellow sticker indicative of some major damage such as flood, extensive fire damage or structural damage ?

That way any water spilled in the kitchen wont damage the floors. 

@Andrew Davis  I would look at the reasons its in the condition its in.. many make the statement the previous owner let it go to pot.. that's an easy one... what I have seen if this is C or D class is that they can be almost impossible to keep up and keep rented.. turn over and damage kills the property and you end up in the same boat as the seller is sitting in right now..

Yes, you can probably reduce cost of sales and perhaps other numbers but you cannot significantly reduce rehab costs and there will always be surprises which will burn you if you do not have sufficient funds set aside.Flip considerations• Typically, lenders will only finance properties that are already livable so financing damaged properties can be a challenge.

After investigating we found damage or missing downspout extensions.  

@Chris StromdahlAssuming the rest of my first post is accurate, I would say that your $25 per month for pets compensates you for normal pet damage.

One bad tenant will scare off your 2 good ones and eat a year's worth of CF in legal fees and damages @Teague D.!

Landlord-tenant laws in Florida state under the section "Landlord's obligation to maintain premises" that you're responsible for abiding by the codes, assure the property is not damaged, and that utilities are in reasonable working condition, generally.

I could just see all the problems with them not wanting to pay for the damages, having lawyers involved, etc.On the other hand, my dad is very big in construction.