We want to do this transaction so we can upgrade our living space, have another rental (our existing house), and eventually rent out the new house (his house) after we grow out of it.

The initial condition report, tenant communications, and maintenance requests were properly recorded, proving that this issue had existed long before our management began.When the lawsuit came in, both the property owner and our company were off the hook—all because we had a clear, well-documented paper trail showing that the negligence occurred under the previous management.This situation reinforced one of the most valuable lessons in property management: Documentation isn’t just paperwork—it’s protection.✅ Always keep thorough records✅ Make communication traceable✅ Ensure maintenance requests are properly logged and addressedYou never know when good documentation will save you from a nightmare scenario.What’s the wildest property management situation you’ve encountered?

Similar situation where I was forced to update while it was occupied.However I know once I have to update the entire unit, I’ll be spending quite a bit as the kitchen is outdated and the place needs paint and either new LVP put down or sand and stain the existing hardwood. 

However, exceptions exist.

I allocate most mornings for research and existing clients, so afternoons are when I'm flexible. 

.#1 tip I'd give if you're buying existing (or building) is to call the assessor and ask specifically what the new assessment will be after improvements.

There are risks too, when buying condemned and burned-out houses because you may not be able to control the environment where these properties exist.

Do you typically replace existing boiler systems with forced air or does it depend on the circumstances?

That being said, I hope ODC crushes it and current investors are richly rewarded. 

ALE solutions, united corporate housing and alacrity are large companies in the insurance relocation space, and it is useful to go to their site and let them know you exist.