If you want pure investment properties, you are probably looking at six units that go for 110-130k per unit that essentially will meet the 1% rule after you clean them up.

I tried to fix my water heater once…the situation got ugly…

I checked our installation price list and the pre-plumbed option is $4000 for grey and black water plumbing in addition to hot/cold plumbing with a hot water heater.

Once you automate you can include smart lock operation, hot water on/off, etc. 

Basing my numbers purely on 60 min HGTV shows. 

If you do report it, let you agent know.Lastly, If there is smoke and/water damage that your policy may be paying, a Fire/Water mitigation specialist may be worth a call.  

I lived in my first house and rented it out when i bought a new one and am currently under contract on a new build tow house as my second rental/first pure rental.

Took inspection report sent it to a virtual assistant (I didn’t have time at that time) to break the items in the inspection into a few categories for example Electrical, potential water issues, tenant safety, then cosmetics.

In brief, I have a rented condo that was damaged due to an upstairs unit leaving their bathroom water on.

(see below)Above tenants have destroyed our bathrooms due to constant nasty toilet water damages.. and constant noise violations have caused my family to suffer from sleep deprivation.