But in reality, asking may not always result in answers.

Most people forget that as a landlord you are on the hook for whatever goes wrong, sink broken, garage door stops working, water heater goes out etc.

Because in reality when we get 10k in the end of year 1, we are free to do with it whatever we want and oftentimes we won't reinvest it in the property, right?

Cracks like those are normal and so long as the slab is not significantly heaving or sinking, I wouldn't worry about it either.However, does the flooring product require a vapor barrier between the concrete and flooring?

TONS OF UPGRADES, GRANITE, CUSTOM CABINETS, CORBELS, STAINLESS STEEL APP PACKAGE W/ FRIDGE, HEAVY CROWN MOULDING, DBL SINK IN KITCHEN,9 FT SMOOTH CEILINGS THROUGHOUT, CERAMIC TILE WET AREAS, OIL RUBBED BRONZE FIXTURES & HARDWARE, WAINSCOTING, GAS LOGS FIREPLACE IN GREAT ROOM, 5 INCH HAND SCRAPED HARDWOOD FLOORING, COVERED FRONT PORCH W/ CRAFTSMAN COLUMNS & LARGE COVERED PATIO,OUTDOOR FIRE PIT & STAMPED CONCRETE ON PATIO, ARCHITECTURAL SHINGLES, MOSAIC GLASS TILE BACK SPLASH & TILED GARDEN TUB.

If the payoff truly is a short sale than the seller needs to start that process.FYI - if they haven't already started the process for a short sale then most banks will require the property to be listed on MLS for a period of time to ensure they are getting the best offer.... again, make sure you have a realtor involved.If they have already started the process, then you should just need to get it in escrow and in reality, most of it will work itself out through the process.

On top of that leaks have shown they are developing virtual reality and self driving electric automobiles.

First set of tenants is a family Mom, Dad and two kids, they negotiated free rent to fix up the house and this was a verbal agreement (it doesn't appear they have done any repairs, at least not properly, for example the shower doesn't have a faucet and they hooked up a garden hose to the bathroom sink and ran it to the shower and put a shower head on the other end of the garden hose).

So for those, you need to "reset" their expectations from the unicorn deals they'll read about here to reality.

There is the textbook answer and there is reality in the marketplace right now, particularly for the smaller houses that will work as rentals.