Eventually building a team will be essential to your success- Lenders, RE Agents, Property Managers, Insurance Agent and then building your inner team if you decide to form an LLC or something- Money partner, Contractor, Etc.

Just do regular inspections and have your contractors report anything that may attention as they go in and change fire alarm batteries.

-The house Is in New York has- he has a fire extinguisher company and won't list it because he actually services many of the real estate companies and is afraid to favor one or the other and inturn lose a client- he has nine houses in Pennsylvania - original loan was 660k 760k if I remember correctly - has paid 250k- has all floors ( basement, 1st and 2nd) rented only top floor has a lease total rent colle is 5500- supposed market value is 1.1 million - he's willing to take 960k- might be open to terms since he's already renting.As long as he keeps the title-sounds like the house doesn't need many repairs but i have a friend that is a contractor and he can Help me assess any repairs Hes a savvy new yorker so  I rather give him options instead of just 1 cash offerCan anyone help me figure this out ?

Agree w/ @Mindy Jensen The better option is to build relationships and trust with a core team of contractors and handymen.

On 11-6-2017 when the property had been assigned to myself I contacted tenants to schedule annual inspection, I was told it would need to be done at a later date due to their schedules.I received call from painting contractor who was reviewed cabinet photos, Silverstar would not bid on sanding & staining cabinets since the dye lot would not match, they are showing normal signs of aging.

So these days, you don't have to drive very far in Houston to spot crews of local dirt contractors out there widening/expanding/improving bayous, creeks, ditches and what-have-you.  

Their roots will cause you lots of plumbing problems, possibly driveway and side-walk issues and in the worst case, foundation issues.For me, I'm big on heading off these problems before they occur.

Can anyone recommend a “Real Estate” attorney, realtor, pm and contractor, and lender.

Additionally, look into an international rental contract or “Mietvertrag” which has both English and German.4.

Having a good reliable team such as PM's and contractors  is key and can be hard to find in the area.