In Alabama, I started with one property and they tried to milk me dry so I started making demands.

Without limiting the generality of the foregoing, Tenant shall:(a)Not obstruct the driveways, sidewalks, courts, entryways, stairs and/or halls, which shall be used for the purposes of ingress and egress only;(b)Keep all windows, glass, window coverings, doors, locks and hardware in good, clean order and repair;(c)Not obstruct or cover the windows or doors; (d)Not leave windows or doors in an open position during any inclement weather; (e)Not hang any laundry, clothing, sheets, etc. from any window, rail, porch or balcony nor air or dry any of same within any yard area or space; (f)Not cause or permit any locks or hooks to be placed upon any door or window without the prior written consent of Landlord;(g)Keep all air conditioning filters clean and free from dirt;(h)Keep all lavatories, sinks, toilets, and all other water and plumbing apparatus in good order and repair and shall use same only for the purposes for which they were constructed.

They made it seem as if I was trying to hustle them, I’m like listen, if you can’t pay the rent, then something has to give, I can’t accept this any more, I was working on getting some repairs done in the home and they were sucking me dry with this rent business, so they paid the rent in full that month.

It is possible to have a dry basement.

Tax strategy for a bakery or dry cleaner is not anything like tax strategy for real estate investors.That being said, perhaps the best places to start looking would be:1. ask real estate attorneys for referrals2. ask around at real estate investor groupsAnd know that, if you stay in this business, you will more than likely change CPAs as your business and experience grows.You're asking good questions.

Would you take on this flip with a little bit of dry wall work?

I've also found that 91% or higher isopropyl alcohol will kill them pretty quick but will not last very long as it dries quickly.

Be sure everything (sheetrock, floorcovering, framing) gets PROMPTLY dried properly and completely to prevent mold.

This is pretty cut and dry especially if they admitted to the damage. 

As long as you work hard, you can make some decent money, but that money dries up the minute you stop hustling.Flipping is a job.