Should I demolish it or repair it?

I'm sure this will need significant repairs as it's completely vacant.

Definitely recommend you run the numbers and a quick way to do so before you get too deep and waste alot of time is to write down this:Purchase Price Cash to Close Rent-------------------- Property Tax per monthInsurance per month HOA Mortgage Vacancy (x%) Repairs (x%) Property Mgmt (x%) Total Expenses: XThen find out your cash flow INCOME - EXPENSESCap Rate NET ANNUAL -MORTGAGE ANNUAL / PURCHASE PRICECash on Cash Return NET ANNUAL +MORTGAGE ANNUAL / PURCHASE PRICETakes like 10 to 15 mins to evaluate the numbers.

-I need a painting contractor experienced with plaster repair.

So far seems fair, gave me his cell phone, and payments on time.   

Can't recommend these guys enough; very responsive to emails and calls, quick answers to questions and handled everything over their website, email, phone and FedEx.

I personally would use software that tracks tenants, leases, repairs, maintenance requests, accounting, etc.

@Mark Doty For some cheaper money consider baking the repairs into the purchase and packaging it into a Fannie Mae loan product. 30-year amortization and ~4.9% interest and 80% LTV on the ARV.

I think the notice said something like "we're unable to reach you by phone this is notice that we plan to inspect property on xx date.

@Josiah McGinnisNo, dont let him do it or arrange to have it done.If you feel the need, $89 @ HD and an hour of your time to install it will get you a happy tenant, a new efficient toilet (installed properly in your property) and him not asking to do future repairs himself.