If any specific item is closer to half-way through, you would want to consider multiplying the capx reserve for that line item by 2x - to ensure you have enough saved up by the time it rolls around.

Yes, the city can make you rip off your brand new roof and put on a new one.Any remodelling project requires a permit and cities often make you address a few specific items.  

That doesn't mean they would just hand over a set of plans and let me see the intimate details of how they designed a building, but if I have a specific question about a specific item, they would help answer it.So I think the issue may be what type of question was being asked. 

Put simply, should I keep a 4 column spreadsheet for my tax professional that says Date, Company Paid, Total Cost, Specific items/services and then let her determine what is amortized and what is basis? 

Good idea for a thread, but it's been posted previously; just a couple of them here:http://www.biggerpockets.com/forums/52/topics/68041-how-do-you-harden-your-rentalshttp://www.biggerpockets.com/forums/52/topics/51199-making-your-rentals-durable-Many other threads exist on specific items, like flooring or plumbing.

I definitely advise running a proper analysis for each specific item though.

We have built into our lease a charge for each specific item in the house, if stuff is damaged we start deducting it from the security deposit.

2) Any specific items that you recommend being added to the policy? 

I live in Maryland and realize that the laws vary state to state,  Are they any specific items that i should incluse besides the usual (liability insurance, maintenance, ADA requirements).Any information would be appreciated.Thank you!!!  

Hi Anthony,There are very specific items sellers are looking for in a contract.