@David Sumner @Wayne Brooks nailed it.  

As used herein, "preservation improvements" shall mean improvements made to preserve the property by properly keeping it in repair for its proper and reasonable use, having due regard for the kind and character of the property at the time of sale…My guess would be no, but I'm not sure.

That's a pretty tight margin deal so make sure you have the numbers nailed down.

Take a piece of scrap 1/2 plywood and some construction adhesive, applying it over the crack and nailing with 8 penny nails.

I've even moved all hist stuff out of the area, and barricaded that unused entry way (plywood and nails), and posted no trespassing signs, only to have him tear it all down and move back in before the next morning.My biz partner gave the police an earful, and they said they'd patrol the area more frequently (stop by whenever they're around), but I'm not too confident that anything will be done.So, I'm brainstorming for some options.

The housing crisis threw landlords, in many markets and asset classes, a life preserver with all the displaced homeowners and lack of financing. 

Looking for tips and ideas on how to flesh out the WCAP (wealth creation and preservation), principle.

The rent to purchase prices ratios weren't great, however I was able to preserve my cashflow and buy into a bigger better asset with more equity.  

I used to leave a combination of small flashlights, Cadbury Bars, single serving bottles of wine, nail clippers or a multitool on every bed. 

Those 15 minutes tell you if you want to take a close look at the property, where you'd really try to nail down numbers as close as possible.Here's how I do ARVs.