They often have rents below market so that their tenants will not complain about a broken furnace that does not get repaired or having to run an extension cord to the refrigerator because the circuit needs to be replaced but the panel is so old the circuit cannot be replaced. 

The property needed extensive clean up and a facelift.

Extension to the question: How long have you been a landlord and NEVER needed to use it? 

We scrambled to find another way to finance and Fannie Mae granted an extension for hard money.

@Mike M.The majority of the properties that suffered extensive damaged were built between 1950's to 1990's.Facts: 1.

The effort to deodorize a property is fairly extensive.

Unmitigated water damage becomes mold damage and and there is the potential of extensive smoke damage in the same airspace.

I've been doing extensive research and listening to a lot of podcasts/youtube videos on Wholesaling, and after years of following BiggerPockets, and months of complacency and hesitation, I'm ready to begin my path to financial freedom through real estate. 

Unmitigated water damage becomes mold damage and and there is the potential of extensive smoke damage in the same airspace.

I would use synergy, simply because they manage a large number of units, extensive experience and they have the least complains compared to 80% of the other Property management companies.If you have any particular questions, feel free to reach out.