Here's the scenario:I am the Realtor/Investor (all cash)My contractor partner is going to act as the General for some items (plumbing/electrical/HVAC/Roofing/garage door/carpet) and will do the other work himself(roof tear off/siding/5 windows/exterior trim/interior trim,minor interior framing/1 full bathroom rehab/, ect.).

J if you cant adapt....you die in REI, especially with Consumer Protection (CFPB)The days are gone when you can write a REI contract on the roof of a car.  

.-2012 due to new legislation the foreclosure supply was cut off therefore decreasing supply...combined with the hedge funds driving demand through the roof and over paying for properties....prices begin to surge...we saw 30% appreciation in most areas of the valley-2013 Q1 and Q2 demand remained strong and inventory was VERY low.

The roof is 25+ years old, the windows are old and some broken, the garage is shot, etc etc.

On the negative end, you run the risk that your tenant prefers to live with seemingly minor issues (e.g. pipe leaks) rather than call you to have an appropriate repair accomplished, in which case you could end up with extensive (and expensive) longer-term repair costs, such as water damage.I'm interested in some sage advice from those of you having experience applying a tenant deductible...good or bad.

This is a C neighborhood.Building has leaking pipes in the basement, built in 1910, all 1 bed rooms, 1 bath, old style windows, no insulation, needs new roof, 3 furnaces and the list goes on.

Are you going to have soil,ground water, etc around the tank tested to make sure there wasn't any leaks or spills?

Plumbing, heating and cooling, electrical, roofs, and drywall finishing are for the pros Demo, hanging cabinets, painting, hanging drywall, some flooring, and other things I can do myself.

Consider a roof leak and all the damage it can do.I imagine that with the upper level owners someone like Rachel deals with, it may not be such an issue, and maybe she may not have as high a default rate as someone who sells more lower-end homes.

I spoke with the agent and the property needs work...foundation and the roof has hail damage....also, needs new carpet and a few other interior items.