Furnaces and other components running well.

@Gisela Pallares two other key components too research are the utility bills and the zoning.

CapEx - I get contractors out to the property to give me estimates on the life of various components.

@Samuel DeMass Your other post does make a lot of sense, and I never actually considered that HOAs may not take care of structural components or other issues until they become a huge problem.

What's the plan for the components on this one (plumbing/HVAC/electrical)?

Many times there is also an owner carry component that can be made to boost your noi as well.One other thought would be to package your 1031 with your brother and actually look for a 1.1 million asset or couple of assets that may fit your bill.  

Some of the improvements are tangible personal property that gets depreciated over 5 years (or 7 years for some property) and some will be considered residential rental property if they are structural components, necessary for the general maintenance and operation of the building or necessary for human comfort.

To use this type of window as a replacement window it would require removal of some exterior components such as stucco, brick mold, or siding.

Typically on the sale of a business it is 10% fee.So if business sold for 300,000 then 30,000 to business broker unless a split between buyer business broker and seller business broker.The commercial building component is a different commission structure.

This always translates well into becoming an investor as managing the numbers is always an important component.