I like to concentrate more on electrical and plumbing being the stuff that keeps you up at night!

To buy a property at 70% ARV minus repairs would probably mean that you don't have working plumbing & electrical and you may even be living with mold or some other health hazards.

Nice area only one vacant of ~60 1/1 unitsmarket rent $850-$925$880 firmFees-->Repairs--->Rentpostlets,padlets,CL ad (photos, building, but specific unit#)screen over phonearrange a group showing for prospective tenantssmartmove.com ($25 app fee(Cash), $15 per additional adult)call 2 previous landlords and employersi must be notified before any service callno unauthorized work(no work for rent)clogged plumbing will be tenants' costinitially month/month least----------> 1st/last/ securitypayment by ach or deposit to bankdue 1st, late afterwards1 day grace$50 late fee after 2nd business day....$5 each day afterno pets/smokingmonthly inspectionmove-in report signedholding deposit prorated if longer than a week....carried over to deposit if lease signedrent history(no evictions, foreclosure on case-by-case)gross income 3x minimumwaterbed----> renter's insurance with me listed for payoutnot fish tanks or containers exceeding 5Galupon vacating: security deposit will be subject to move-out report and pending utilitiesthis will be a trial period, after tenant has a good track record with me then I will commit to a 1yr lease with all adults on lease jointly and severally(no more than 2)Let me know if i have missed anything, and I appreciate all who have taken the time to read this!

The house is slightly settling in the back and the plumbing is "iffy".

Sounds like it's probably the latter, but I'll "contact my qualified tax professional" to confirm :)And yeah, this is a 1.5, but luckily no plumbing upstairs, so that might decrease our risk a bit.  

It covers anything from appliances, furnaces, garage doors, plumbing, electrical, door bells, and much more depending on the plan you choose.

My problem, the other tenant is an attorney and threw out the following:As pursuant to the agreement on page 1 of 6, # 17, Maintenance:“Tenant shall professionally maintain the Premises including heat, air conditioning, electrical, plumbing, and water systems, if any, and keep glass, windows, and doors in operable and safe condition….”

Water tank $600 if needing to be replacedReserve for plumbing, electrical and hvac servicing $1,500Without knowing more I would guess around $10,000 bc there is always something that comes up you didnt know about.

Water heater busts, AC goes out, unit has an expensive plumbing problem.  

New plumbing fixtures and modern light fixtures make a good impression.