.  ;-)Here are some other BP links that may help...http://www.biggerpockets.com/renewsblog/2014/04/21/estimate-rehab-costs/http://www.biggerpockets.com/renewsblog/2009/11/5/...http://www.biggerpockets.com/renewsblog/2013/03/17/tultimate-guide-house-flipping-costs/Now, as for practical advice, I have a spreadsheet where I have broken a house down into components (see below). 

I like the cash flow from businesses but also like the value add component of owning commercial real estate.

If the structures are newer then large reserves would not be expected as they build over time as "components" reach the end of their useful lives.

The tenant will also provide the landlord/manager/maintenance man the alarm code for the security alarm.If the tenant does not activate the security alarm, the tenant understands that the security alarm and all of its components are to remain in the unit and not to be tampered with or removed from the walls/ceiling/etc.ADDITIONAL APPLIANCES ADDENDUMAny additional appliances on premises (such as washing machine, dryer, microwave, etc) are provided as is for the tenant's use.

That means deducting each of the components of the house by their applicable depreciable period.This means.

The eviction process as you know is just one component to multiple items that balance out the investment.How strong are rent growing, what is the area doing for population and development, what kind of return are you getting for purchase in a quick eviction area, what are tax laws for income in that state, etc.??

I am starting out as well and financing is major component in this business.

Many times, there are components that are in decent shape, but I'll often replace them anyway.

As @Steven Hamilton II says the land is never depreciated.There are some components of the land that could be depreciated, but are typically not itemized as such.For example:Trees & shrubs have a certain life span and destroyed over timeSidewalksDrivewaysUnderground pipesSeptic systemsParking lotOutside light standards

The plan document outlines all components of the plan (I.e., are loans allowed, is there a Roth option, etc.).