You mentioned the roof and AC being new and i'm assuming they're in good condition.10% should be enough to cover the random water heater that goes or any other lesser headache. 

As a property manager, creating a standard that establishes the trifecta of benefits and tension is good. 

I recommend dropping your price (not your standards) and renting it for a shorter term to get through the winter months, then look for a one-year lease again in the spring.If money is tight, you may consider selling.

How many folks with complicated entity structures sign contracts containing broad obligations to indemnify and hold harmless don’t even read the language because “it is standard”.

However, upon finally gaining access to the home it appeared that the water was running from every faucet in the house.

This approach allowed me to close the purchase quickly and provided the flexibility to fund the mid-level renovations needed to bring the property up to rental standards.

I know the 20yr city development plans, I know of the waste water treatment facilities that are wrapping up approvals and have not even broke ground yet and exactly how many w/s laterals will be approved with such. 

I recall when I first dipped my toes into out-of-state properties; it felt like navigating uncharted waters, but it opened up some incredible opportunities.Between BRRRR and turnkey, it really boils down to how hands-on you want to be.

The biggest danger is a leaking tank that causes water damage, but it hasn't happened to me yet.

I’m looking to understand industry standards and best practices.