Be sure to verify their rental amount and deposit amount and be extra sure you receive their deposit, because you are responsible for returning it, whether you actually got it or not.Hope there is a move-in condition report, becasue otherwise, it's hard to charge for damage.

Always you stand to have damage because homeowner's at times feel that if the place is destroyed no one is going to want it.

Store and protect the items from damage.

If its damaged, it can be repaired or replaced for minimal cost.

It might be more advantageous to pull the damaged dry wall and try to determine the source of the moisture penetration that is causing the mold.

you can't put an employee in a truck with equipment, keep all of it running, keep your business licensed and insured and on top of all that pay taxes AND expect to make a LIVING on $35 an hour.can you find a scab to do it for that, sure, but you better hope he or she never damages anything or gets hurt on your property because you'll probably get stuck with the bill.

I specialize in Custom Homes and High-End Renovation work but have a special fondness for historic restoration work.

Operating expenses include taxes, insurance, management, maintenance, vacancy, advertising, entity maintenance, legal expenses, evictions, setouts, damage done by the tenants (in excess of the security deposit), office supplies, lawsuits, utilities (at least during vacancies), capital expenses (not technically an operating expense), etc, etc, etc.

if you purchase this property without disclosing to both parties that you are in fact making $50K on the transaction by "pushing papers" you could wind up paying treble(3x) damages to all parties involved, that translates into 2 parties, times 3 = 6 times damages, or $300K.

It took a year and a half to recover from the damage.