Fire damage is tricky.

I am considering buying the property in cash then hiring Servpro to fix the cigarette damage.

Tom so you wouldn't be as concerned about that element?

I would immediately send a certified letter to get rid of the cats and state the damage that is already done.

Falling out of compliance can lead to penalties, lawsuits, and even damage to your reputation as a landlord.

Liquidated DamagesIf the Subcontractor fails to complete the work by the agreed completion date, liquidated damages of $[Insert Amount] per day will apply.

Quote from @Alex Tang: One of my rentals was heavily damaged by a fire after Thanksgiving. 

On the disclosure form, the seller had indicated “no” to any known damages.

As an investor trying to sell your flips, choosing design elements that the majority of homebuyers will love is important.

Petersburg for over 30 years, I can attest that the last two big hurricanes caused significant damage, but they were the first in a long time.Condos and townhomes tend to perform well, especially if they're located on the Intracoastal Waterway or within 3-5 miles of the beaches.