It seems to me you take the hit now or over the new few months waiting for the eviction to process, for them to actually leave, and repair the unit as I'm sure it at least needs some heavy cleaning from the description of the living conditions provided.Good luck!

In that case, you would have the establishment and maintenance of the LLC to deal with, specific to New York law.  

I was thinking of making rent all inclusive with rent, utilities, cable, internet, cleaning services and household common area shopping( toilet paper, soap etc).

Since the old lease with the old landlord was still in place, he says he is not responsible for that damage ... and that in fact, it is not damage ... that it is just the cost to a landlord to clean it up.

Third, the seller may die or disappear, leaving you with a legal mess that will take time to clean up.See a great lawyer with experience with MLOs.

There is not usually a lot left over due to getting caught up from the lean months.Plans: Re-establish the emergency fund but boost to 6 months reserves. ($2000 x 6 months= $12k,)Try save up to 10% gross of my pay check after the $2k budget is met then put the rest into debt reduction.Find somebody I can work with/for in Real Estate Investing to learn hands on and observe their methods.Use the 10% gross savings to invest in a property.Get free of all debt but business and eventually be able to go all cash as it makes sense.Establish at least 3 other streams of income (preferably 5) so we are not reliant on my commissions to meet the budget.

As you think about investing out of state, you'll find value in establishing a network of reliable people on the ground in your target market. 

Excellent choices for well-established neighborhoods.

I live in FL so I know about having to use A\C year round.As you know people mention a brand and price but not model which will ultimately determine the total cost.I was in the exact same situation and due to the rusted coil tubing, and overall condition of the Air Handler decided for a total A\C replacement.Payne is considered "Builders Grade" lowest grade and some A\C guys argue not to install them because it reflects on their reputation when you have problems with the system.Look for the highest seer rated, quietest, best warranty HVAC that is fairly priced.The installer is a HUGE part of the HVAC's life span, along with your regular changing filters, cleaning coils when needed, cleaning drain lines and vacuuming dust out of the Air Handler Cabinet.

There is a local guy who handles lawn, snow, and unit clean up who has a check mailed to him once work is completed.