Hello,Has anyone came across an issue where there was foundation damage due to tenant neglecting to water the yard or failing to report a water leak / report developing cracks in the walls?

The newfound sellers clouded the title so now we're stuck doing nothing with the property.Ever since we contacted the title company to file a claim, they've been dodging our calls and coming up with a lot of very convenient excuses, such as "the title attorney is on lunch," "our systems are down," etc. 

I like both of my tenants in the two properties we manage so I'm in no hurry to apply a shock to their system.

All items entered into the BRRRR Calculator as expenses (water/sewage, taxes, insurance) will automatically be multiplied times the Rehab period and transferred to the Rehab budget.  

At the end of day one they spilled the beans that they were selling processes and systems but that still all the rest of the training is in fact good stuff.It was good stuff.... again I learned allot. 

Since you're in NYC you want to avoid the housing court system at all costs.

Taxes, insurance, water and electric are $4,000 a year total. 

It is not on city sewer or water. 

The property is newly renovated pretty  much all around.New floors, kitchens, bathrooms, paint and trim, 2 carrier ac units, new furnace, 2 water heaters, split electric and gas.Natural gas, pub water and sewer.I will be wrapping closing costs into the mortgage.Ideally, this will be my first home so I will be using this for initially a house Hack, but planning on adding 1 master sweet with walk in closet and bathroom over the empty space above the garage.I was just toying with the numbers to see when we move out if this will make money monthly.

ABC Management may have 30 years experience, proven systems, contractor relationships, and other services you can't begin to provide.If you jump into property management with zero education and experience, there is a high probability you will fail and you will give the profession a bad name at the same time.