Would you have any recommendations, in your experience, for what to look out for in the documents that would be red flags or items that would negotiable?

Review what happened and determine why each item was above or below your expectations so that you can properly plan for next year.Review your prior year goals.Did you buy all of the properties you set out to purchase?

It can potentially be deductible as an ordinary or rental expense, an itemized deduction or simply non-deductible. 

You missed an important item: Depending on how a person does #1 or #2, it could get them: A fast-pass to the "Principles Office" for "bullying" and now there sitting in "detention".... 

Look at insurance and tax costs, those two items are the biggest killer of cash flow.

I have one I have drafted up but would love to compare against others.What are some items you always included in your MTR rental agreements?

There are two items that you need to completely solve this problem for your rehabs: properly built Design Boards and a Finish Schedule.

I would try to buy properties starting at a specific date so not large ticket items come up.

You're investing in RE for long-term wealth, not a few hundred a month that can be wiped out with one CapEx item.

Reassess whether you need the home warranty, flood insurance, or other items.