For example, you don't want one tenant to store his collection of 1970's Playboy in the common area where another Tenant may take offense.

Maybe this is just semantics and spin, and no offense intended, but I would say that in PA you simply are a registered home improvement contractor.Contractors use the term licensed in PA because all of the “how to choose a contractor” articles state to make sure the contractor is licensed. 

@Paul Camuto & @Jaron Walling  As you both seem to be Sponsor 'want-to-be' (no offense intended) read The Best Ever Apartment Syndication Book by Fairless & Hicks. 

But between the math and all the extra things like taxes, insurance, vacancy rates, CapEx, etc. it's too hard to just eyeball it.Regarding giving offensive offers, Brandon Turner offered I believe it was $40k for a $90k property. 

That’s not to say we are not offensive (I’m always looking but I’m heavily discounting everything I’m looking at), but I’ve not gone through a significant economic downturn as a REI and I’m trying to prepare the best I can.  

. $50 for a service call isn’t worth arguing about in my opinion for a first offense.

No offense to the "Lumpkinites" but I doubt anyone would want to vacation in Lumpkin Georgia.Gail

I say defence is the best offense in real estate. 

Seriously, who can't afford a tube of Frontline?

No offense taken Anish, easy housing credit almost collapsed the global financial system back in 2008, although one should argue that the system was already rotted out after a century of awful management and the subprime mortgage scandal was the final tipping point.