Hello,I have a rodent problem in one of my SFR. The tenants are a group of 4 men (age ranges from 20s to 70s). They’ve got two dogs and generally are NOT the the tidiest people. They had a mice problem last year, and ...

That just doesn't seem right for the seller to keep it and not use it for repairs.The security deposit was $800 and the damage includes significant water damage around the tub, two cats who used every vertical surface as their personal scratching posts (pet deposit = $1), and infestation due to extremely poor housekeeping. 

This was confirmed by the exterminator to be the source of the bed bugs and he said he had them for a while without notifying us, causing the infestation to be worse than it could have been had he spoken up.

Since DFW is a heavily investor infested market, all the good burbs with year over year capital appreciation are already selling at a premium and hoping for a 1% rental yield does not seem realistic.Hence, my though since last few days has been to compromise a little bit on both fronts and buy something in a burb where there is a hope of capital appreciation and a rental yield of .85% or more.

If it's clean and has a bunch of updates I don't want anything to do with it.I want the piece of garbage that smells like cigarettes and is infested with rats.

Make sure it is securely fastened to the joists and there is not dry rot or termite infestation underneath first.

Craigslist is infested with wholesalers posing as the original for sale by owner.

entrance" to my home before applying to purchase it I was so excited I didn't pay attention to or know how to assess damages: vandals stole the all the copper wiring, bootleg window installation (there are vines growing over my bedroom curtains), bootleg hardwood floor installation, salvaged & broken bathroom fixtures installed, non working electrical outlets, GIANT RAT INFESTATION, no central air or heat, broken sinks in both bathrooms and kitchen, giant forest overgrowing in back yard, brand new hot water heater not installed properly.None of what I listed above was too much to handle but if I would have assessed it before hand I would have had it taken care of in 1 week instead of 3 months.

Expenses: $2,825Total Rehab Cost: $85,000Maximum Allowable Offer: $132,000Problems with House:Dirt and Grime Literally EverywhereBug Infested (I'm talking bees, wasps, spiders, mosquitoes, etc)House is Outdated: (Wierd Bulky Ceramic Tiles everywhere,Tin RooF)Located far away from main part of cityHas A Garage but the Garage is basically unusable.

I have seen that many,many times and it is in many cases a cash flow killer.If tenants do not pay or reimburse even they do not report water leaks which can cause higher water bills, mold, water damage to walls and floors, bug infestation from the moisture growth,etc.Tenants also use about 30% plus more resources on average when they are not paying directly.If tenants paid directly and water drips once every 30 minutes from faucet you better believe most will let you know right away!