. $6000/10 years lifespan/12months in a year=$50 per month for 1 item.

(replace a faucet & a hose bib)The receipt was not itemized - just a vendor invoice for parts & labor combined.Is this 'standard' practice for PM companies?  

The seller noted this in the disclosure but did not provide detailed comments and the inspector noted some wood rot but did not mark it as an urgent item.

Our numbers look very good for the property, but we’re at a loss on how to approach it financially.

They aren't that big of ticket items, but I would do a walk through now.This is your opportunity to build a rapport with the tenant.

The amount you would get in a loss would not be adequate to rebuild.

Just as I start looking for properties, this news item crops up today:https://www.cbs17.com/news/loc...For those who may not want to go to the link, or the link goes stale, a residential development in my area went through a HOA change-of-mgmt, from the developer to a different composition of Board members.  

Giving half off on the job means they take a total loss (less than materials and labor). 

You may also want to explore the benefits of changing some capitalized items to expenses from your previous property to give you a tax advantage going into the new property.

I have been doing some research on Loss Assessment Insurance for condos.