My thought is to put together a database of big ticket items (roof, siding, water heater, appliances, etc) that I will update with prices every year or so. 

Check the water and sewer accounts though- those are leinable in most parts of PA. 

I have a condo that is about 15 years old and along with that are the water heater and A/C unit.

Maybe a leaking sink or someone that didn't understand a kitchen faucet enough to get hot water out of it.Had someone lose a kayak, but I knew what part of the lake to go find it.

My tenants talk goes like this Me:   The property won’t be ready for a few weeks because we need to connect the water line from the well to the house Tenent:   What if I do it?  

- airDNA forecast increasing, >$550/night by 2021)Short term Rental Fees:-Property Mgmt (20% of revenue)= $1900.00 -Local tax (13% of revenue) = $1235.00General fees:-Mortgage Principal+Int: $1578-Insurance(monthly): $160-Property tax(monthly): $317-PMI: $200 -HOA: $0-Maintenance: $500/month -Utilities/electric: $250-Utilities/grass: $150-Utilities/water: $100 -Utilities/Internet: $70 -Cap Ex (saving 5% of revenue): $475-Vacancy (Saving 5% of revenue): $475——————Total: $7410$9500-7410$ = $2090 cash flow/month on average ——More traditional rental, eg month-to-month: 4 months per yearRental IncomeUnit 1-(3 bd/1ba): $2500/mo Unit 2- (1 bd/1ba): $1100/moUnit 3- (1bd/1ba): $1000/moTotal: $4600/monthGeneral fees:-Mortgage Principal: $1578-Insurance(monthly): $160-Property Mgmt (10% of revenue)= $460-Property tax(monthly): $317-PMI: $200 -HOA: $0-Maintenance: $500/month -Cap Ex (saving 2.5% of revenue): $ 122.5-Vacancy (Saving 2.5% of revenue): $ 122.5Total: $3460/month$4600-3460= $1140/month in cashflow on average

I am looking at a cash only deal to fix & flip.The house is listed for $325,000 (4 bed 2 bath 1500 sq ft)  The neighborhood I believe could support a case for $550-600 all fixed up.The house right next to it sold for $490 (3 bed 2 bath 1300 sq ft) In a document I received from the realtor it discloses there was water damage to the kitchen area. 

Looking at a duplex where the current owner pays utilities simply because there is no si meter for water or electric.If I were to try and sub meter it, how much would that cost?

Water getting under the foundation is the primary root cause in most foundation issues.

When I see new investors with healthy budgets ask these questions in an open forum I always envision a bunch of sharks circling him in the water.