But when he said he is gonna vacate the home he had defaults on rent. we have 2 months rent as security deposit , we told them we could deduct that amount on rent only if the house is returned in good condition... when we inspected, the house was in very pathetic state...they didn't inform us about the dog and it wasn't on the lease either but we found that they had a dog and 2 cats...The dog caused much damage to 2 of the doors.

New handles on all doors. 4.

These are the house stats: ¼ Acre LotCity Water and SewerFull Basement1500 Square FeetOpen concept living roomFinished will have 2 full baths, 3 bedroomsFinished bonus room in basement Was used as a bedroom but doesn’t have the proper egressFenced in backyardCan lighting in all bedrooms, living room, and kitchenNo garage, paved driveway fits 4 medium sized carsSquare Footage:Basement: 938 sfIst Floor: 844 sf2nd Floor: 533 sfFinalizing the Flip would require: Mounting and finishing drywall on first and second floorFinishing the partially roughed in bathroom on first floor Water supplies are ready just under the floorboardsSewer outlet is just under bathroom, PVC drains need to be roughed inElectrical wire is run from the panel to bathroom fan, lighting, and outletBathroom fan/light is installed, needs duct added to vent outsideNeeds greenboard drywall, flooring, toilet, vanity, shower/tub surround4 doors for first floor bathrooms and three bedrooms4 closet doors, 1 for first floor coat closet, and 3 for bedroom closetsFirst floor bedroom Subfloor replacement in first floor bedroom (some original floor boards are weak)Connection of electrical outlets - conduit roughed in but needs to be connected to panelDrywall mounted, finished, and painted throughoutFlooring throughout except for kitchen, I suggest tile in front entryway into first floor bathroom, laminate in open concept living room up to the kitchen, carpet the rest.Minor drywall patching and painting in Kitchen and basement bathroomTrim/baseboards installed and painted around all doors, bottom of drywall, and windowsProper railing for both stairwaysPower wash sidingMinor landscaping, just needs some mulch in beds and some minor weeding in flower beds.Two fence panels replaced in back yardBasement bathroom needs minor touch-ups on grout and caulking Other issues that may need addressing or could just be disclosed upon sale: Two minor basement leaks only when there is a TON of rain, otherwise basement is dryWarped siding in backyard where grill used to be, could be replacedSmall area of cracked siding on front of house at end of drivewayDriveway isn’t in the best condition, some patching may make it look betterAll work done on house has not been permitted except for siding and roofPlumbing Ventilation isn’t 100% to code and may come up in an inspection Side notes: When I lived there, people didn’t believe my address was real when getting deliveries because of the marijuana culture around the number 420 and the street name of Highmoor, maybe there is play here selling to someone that is into that stuff?

I obtained this lead door-knocking a pre-foreclosure.

Nothing you do or say to them from this point forward will help you, it will only potentially hurt you.

Until someone opens a door, then it will be right back in your house. 

What if there's a trap house three doors down? 

I'm in a business where I constantly have to keep people updated much like PMs do (or should).

The landlord (which is a corporate entity with thousands of doors in several states) gets a tenant it likes for another 13 months.

I see the upside to buy and hold investing (specifically during a downturn where flipping isn't as profitable) but making a few hundred a month per door doesn't excite me on a small scale.