Originally posted by @Andrew LeBaron:@Erik Matthew We delegate most of our tasks to our team of Virtual Assistants in the Philippines.

I've stopped the contractor from making repairs to the property.

Basic AC repair that someone could do on their own.   

Good Luck and let me know if I can ever be of assistance!

I went to do a minor repair at the house and saw a cat which I never new about.

Does anyone have a good contractor in the area to refer for repair estimates?

Of course, aside from the standard tenant placement, rent collections, repair management, those are a given (right?). 

What seems to be better deal a high cash flow of $670 in C class area with some minor repairs, possible major repairs in 5 years. like roof, maybe foundation issues.

If I find a property in a strong market that makes $100 a month, put $15,000 into it to add value, hold for 3 years and sell for a $40,000 profit my total gain during that time is $42,400 not taking loan paydown, tax benefits and other potential income into account.If I find a rural property or a property in an smaller metro area that makes $250 a month, invest the same in repairs, hold for 3 years and only sell for a gain of $15,000 my total gain is only $21,000. 

@Sarah Buchanan with the given details, my initial reaction would be to take the square footage discrepancy, as well as the cost to repair the flooding issue and revise your offer.