Involves electrical, HVAC, plumbing, or mechanical repairs not expressly authorized.d.

Concerns such as the home value decreasing, 24/7 humming noise, increase water bills, increase electric bills and other environmental concerns in regards to health. 

  ( this is very LOW )   But I'm stuck with them until March 2019.Taxes ~$2200 / yr Insurance: $98 / moTenants pay Electric, Owner pays all others - gas (steam) heat, water, sewer, landscaping, snow removalI can easily raise these to 800+ in their current condition. 

There is always small stuff to take care of so building a trusted team of tradesmen will also help save time and energy.

Avoid early projects with stacked structural, sewer, roof, and electrical hits unless deeply discounted.

There’s no electricity or running water at this time.Could someone please advise me on the proper process for taking possession of the property in Virginia?

What to look for in a good rent-by-the-room propertyThis matters a lot:• At least 3–4 legal bedrooms• Two or more bathrooms• A layout where bedrooms don’t share thin walls• Plenty of parking• A common area large enough for multiple people• A location near hospitals, colleges, or job centers• A basement or attic that can be finished legallyAnd most important:A floor plan where rooms feel private.Privacy is what keeps tenants staying longer.My honest adviceAt your age, with energy and time on your side, this strategy can fast-track you if you treat it like a business.But don’t do it blindly.Tour existing co-living houses in your area.Study your local ordinance.Model the extra expenses and the extra time.Room-by-room renting works, but it works because the operator is organized, not because the property magically prints money.

Love the energy, Michael.

energy disappears real quick once they realize you’re not as low-risk as they hoped.

If the answer is no, selling isn’t quitting, it’s reallocating your time, energy, and capital into something that fits you better.You could make the light repairs, get it rent-ready, and stabilize it again, but if that idea feels more like a burden than a strategy, it may be the right time to move on and put your resources into a cleaner, higher-performing opportunity.