I always supply them with different failure calcs.  

Over the last several years, The United States printed 1/3 of the money supply.  

If your water supply line is galvanized iron I’d also include that in capex.

I can charge a decent amount for rent so in my mind if they want to mount their TV on the wall I am ok with that.

Buy supplies in bulk and keep them in a locked closet, garage, ect.

Yes, that yellow flex line is the gas supply to the heater.

(an objective fact) By comparing yields across different investment vehicles, for many investors real estate is no longer worth: the capital, the work, the risk.You can be bullish in real estate today by saying: I believe the Fed will not increase the supply of new builds to the market over the next decade.

We use a national supply house for everything and do mostly builder grade with upgrades where they need to be at.

Since we do deals all over Florida, we're constantly adjusting based on supply and demand per county, but overall, demand in Florida remains strong.I agree with you.

My largest concern is that as we go lower in rate, housing supply will ultimately be unlocked putting downward pressure on rents/asset prices.