Ask the flipper for details about what was repaired and replaced, how much fire/water damage was there.

In both cases the tenants were given ample notice (about a month) that the work was being done so they could make other arrangements.One time when the water heater at my own house went out, I had to shower at my mom's house for a few days.

You can probably seal the wall with any type of roll-on water-proofer; such as used on basement walls.

Normal activities on the ground floor will interfere with anyone trying to sleep in that room.If there is any risk at all of water getting in there you must take steps to mitigate the risk or else the value of that space is greatly reduced.

The rental terms state tenants pay for gas/electric and the owner pays for water/sewer/trash.

I dare you to throw seeds on the ground and have them not grow.You'll need a water source for either of those options.What kind of money were you hoping to get annually?

Before the previous owner was goin thru 1000 gallons of propane a winter Nov thru March .

I want to get more feedback of this deal..I have a 3/2 2300 sf house with pool and hottub, water views under contract for 145.

I've been under many noncompetes in my life,,they aren't simple one paragraph contracts.Many things have to be right for it to actually hold water, I'm mainly familiar with Texas,, here if your not compensated for a non-compete you'll probable get it thrown out,,it has to be reasonable (you can't make it for too long or cover too large a geographical area,,,sometimes it will cover a portion of a city, I've been under two that covered the country, but guess what, it was a very, very small area of expertise, and it wouldn't be any good unless it covered the entire country.Anytime you want to write a contract, go pay an attorney, you don't need anything complicated, but the first thing you need to ask is if you can even accomplish what you want to accomplish under your state's lawsBTW, if people tell you "I live in a right to work state", that has absolutely NOTHING to do with a non-compete, that is dealing with unions, but I often hear people say that related to non-competes

I haven't set up a solo-401k yet but will be in the near future so now I am learning as much as I can to make sure I don't step into mud without knowing it.I believe based on your post, I really do need to hire a property manager to handle everything from assessment to executing a solution to whatever problem might creep up.My original thinking was as the 401k fund custodian I can't do any physical work but I would be able to take calls from tenants, as well as going there to assess the issue, for the purpose of determining which pro to call in to resolve the issue.However I also know while assessing the issue often time I might end up having to do physical work - such as reaching inside the cabinet to turn off the water valve, or flush the toilet to see what's happening, or opening and closing a window, or even turning on or turning off a light, those are technically all physical work right?