Will you be doing any structural work, or complete overhaul of the mechanical systems?

When we are done it will be brand new everything, and bringing in about 40k a year, net about 30k, with an all-in price of about 115k, All the best    Sorry, if a house is condemned, I assume the structure is possibly compromised, the wiring needs to be replaced as does the mechanical and the plumbing needs to be checked, all of which needs to be seen to be cleared. 

Also, if you upgrade to one of the paid plans, you'll get access to the auto-add feature which automatically adds new properties that meet your list's criteria. 

Get a good inspection and yes, have all major mechanicals checked out. 

Sale price: $162,000 This project was very special.It was out first partnership with the Manship Foundation.We created a new bedroom upstairs, gave the upstairs central AC, updated the mechanicals and panel, new floors, paint, lights, etc.Everyone deserves a home that's affordable that's also worthy of calling a home.

In many cases the multipolicy discount that comes with combining renters and auto insurance totally covers the cost of the renters policy. 

Derelict autos in driveways, graffiti, trash or just a dirty feeling.

@Taz Patel You should start with the agent who insures your home, auto and rentals. 

If your house is well constructed and insulated, the waste heat from the 95% furnace should suffice- even if it's the only furnace in the basement.Assuming no mechanical problems as described above, I'd go with the 95%- your tenant's heating bill will be approximately 16% less than with the 80% version.

Also, don't forget to account those months when you are completely turning the tenants that you likely won't have much $ coming in.Otherwise seems like a decent deal, how old are the mechanicals and roof?