The plans and specifications for the improvements must be itemized along with an estimate for how long the construction period will last.

These items should last 20 years.

Our cleaners just let us know when we are low on items, and we order them from SAMs club.No need to over think it.

The “headline” CPI (Consumer Price Index = inflation) for June declined 0.1% month-over-month, and the “core” CPI (excluding food & fuel) rose only 0.1% MoM.

I would reccommend protecting yourself in terms of the legality of the transfer, ensuring there aren't any violations, 3rd parties requesting some claim of ownership of the property, most importantly the structural integrity of the property overall is sound and there aren't any big ticket items the current owner should righfully be taking care of that will then be additional issues you inherit. 

When you have a tenant move out, what are some items you include on your “move-out check list?”

Aside from possibly replacing items that upgrade your property value for 3+ years (appliances, countertops, etc) I would not offer any kind of upgrade.

.), but larger ticket items that may require multiple bids, permits, or otherwise could have reasonably been prevented should be handled separately and charged to the owner.

If done correctly this is a great way to replace damaged item without a cost to the host.

This is causing unnecessary distractions and taking away from your ability to focus on the action items that matter most: building meaningful industry relationships and sourcing investment opportunities.