The property manager passes the costs to the landlord since it is the landlord's responsibility to cover the costs of maintaining the property.

I have seen people who maintain a storage unit of items to rent to them for extra, particularly washers and dryers, but that is something I would look into down the road to increase your income if there is a demand for it.

We maintain Landlord insurance policies on each property and a 1Mumbrella policy as well.

With a steadily increasing population, a high-demand job market, and exceptional higher education facilities, the Metro-East maintains competitive rental rates compared to other U.S. cities.

I assume that you are investing for the appreciation, so as long as you can maintain positive cash flow, it seems to be good deal.  

But just as a precaution against issues during northeastern winters we use a company called HomeServe that comes in, inspects the system and maintains a service contract good for one year.

You are also competing with brand new apartments, at competitive rents that are better maintained with better amenities, and are generally in a better location

Either way it could and should last 100 years or more if properly maintained.

the only advice i can give you is to keep checking with the county clerks office. anytime the bank takes the next step in foreclosure, there has to be a hearing and paperwork to go with it. this paperwork has to be filed with the clerks office and is free to the public to look at. sometimes, and this is a little known secret, banks just give up on a house. they weigh the cost of maintaining it for an extended period of time and legal fees along with it, verses the price they may get out of it in the end. the government puts a limit on how many foreclosures the bank can put back on the market in a year, so the banks are more likely to put the high dollar ones out there as opposed to the cheaper houses. who wouldn't?

I have experienced first hand with Wendell starting a pipeline and maintaining it.