Hi,We have a small SFR with some broken cast iron fittings and possible other problems.

Haven’t broken that rule in 8 years. 

Usually it revolves around life-safety features like smoke detectors, egress, etc, but depending on the locale can include that it’s reasonably clean, no broken windows, etc.

Both the driveway and back patio are concrete pads that are cracked and broken (beyond repair).

They came and found 12 items, mostly small things like broken floor tile, bathroom mildew, a hole in the wall.

Tell the buyer you’ll walk with the contractor , he doesn’t need to spend he’s precious time to walk half broken houses with contractors 😉

Below I have broken down the income and expenses for the property I am thinking about making an offer on, there are four different scenarios that I have listed; a 5% down payment where I live in one side, a 5% down payment after I move out and rent both sides, and a 20% down payment for each situation as well.

@Khang NguyenWhen you do maintenance/fix things - i.e. a broken cabinet door - or when you clean and paint during turnover, those activities are generally classified as expenses.When you add or renew things to the property such as fixtures (lights, plumbing); a new HVAC system; new roof, new flooring, etc.  

If there's fire, the tenants would call the fire dept; anything broken would be handled by a call to a service company or handyman. 

No action gets no results and only broken dreams.