After adding those four items back in, it brings the complex to making around $6,500.

A PMC is great to use not only for all these items but also really being a trusted source for vendors too etc. 

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

But, only because I have seen LLC agreements in lieu of PPMs, with the same general items discussed. 3.

Improper reporting of big items such as mortgage interest. 

I only buy the Aquasource Henshaw White Watersense Elongated Height 2-Piece Toilet from Lowe's (item number 98923 model # T802).

Install cameras and exterior lighting on timers, place no trespassing signs, and place items that indicate occupancy - like a BIG dog bowl near the front door, shoes, etc. 

For example if you were to exit a new build in 5 years there may be no cap ex cost (i can think of few cap ex items that does not last 5 years - maybe carpet in class c and lower), just maintenance costs which would be fairly small.Best wishes

Items such as this that could be easily replaced by almost any LL at a very minimal cost, will turn into a $135 aggravation at best if you overlook it!

I use this type of system in a ten unit that I own because the cost to submeter each one was cost prohibitive I usually don’t include other items like wifi/internet unless it’s a furnished/short term rental.