I found with my mountain cabin, so many people these days don't know how to properly start a fire, are creeped out by bugs, etc etc.

So, give them money to move.Bought for $157,100.38 ****** ARV$245,000.005 bed 3 bath – Phoenix AZThese are the numbers from the HUD statementBought for $157,100.38 ****ARV$245,000.00Existing Loan Amt Payoff $118,145.37*Subject To$118,145.37****Closing Costs From HUDTitle$1,045.00Escrow$1,400.00County Taxes$538.38Recording Fee$120.00Cash to seller$10,000.00Misc other charges$525.00Total Amount Due $$13,628.38***Arrears To Bring Account DueTotal Number of Missed Payments:11Total Payment Amount$10,095.47Unpaid Late Charges$146.84Additional Amounts:Foreclosure Fee/Cost$354.19Unpaid Advance Bal$1,101.75Total Amount Due $$11,698.25***FHA Loan Mod 2nd$11,582.44***My Out of Pocket$36,909.07***Total Cost Basis of Purchase$155,054.44ARV (After Repair Value)$245,000.00Repairs Post Purchase$ 5,000.00 +/-Unrealized Profit$84,945.56***Equity (ARV minus Subject To payoff)$126,854.63***I strongly recommend having 3 months reserves as follows:Monthly Mortgage$917.77(Taxes included)Electric Monthly$362.21Water & Sewer Monthly$102.80HOA – None$0Reserves3 months mortgage payments @ $917.77 per month = $2,753.313 months Electric payments @ $362.21 per month = $1,086.633 months Water payments @ $102.80 per month = $ 308.40 Minimum Reserves Total $4,148.34Then I turned around and sold it to someone in CA on a Lease Option for $265,000 getting $20,000 down on a nonrefundable Option fee, and rent of $1,900 a month.

We walked through the unit and there were no signs of bed bugs, and my contractor assured me that there was no infestation.

Before closing, our GC did a walkthrough, but once his HVAC and electrical teams came out, they found more issues than expected and more than the home inspector noted.

It was done in my block recently, confirmed with city permit records.Tech issues with team:The two vs three electric meters is still up in the air, no clear answer from arch.   

You can also get a good indication of the plumbing and electrical system with proper inspection.

Electricity, or heat ,no.

On the last night of their stay, they messaged claiming they found a bed bug.

After expenses and a $22K loan for a new roof, electrical panel, and HVAC (the latter two were unexpected), the property breaks even.Recently, my tenant stopped paying rent (2 months behind) and now there’s a bug infestation.

The sky hasn't fallen yet, and I imagine similar conversations 100yrs ago when landlords back in the day were panicking over city code for electrical, fire, sewer and banning dirt floors.If we get a challenging ordinance, then the market will adapt.