You’ll get clobbered because big ticket items needing to be replaced and occasional updating or make ready turnovers between tenants will cost you many thousands.

Other costs - need to examine item by item, and many will be subject to your accountant's interpretation.

However how much are you spending is this even going to be noticeable to your bottom line, or would you be better focusing energy on other items?

It's more complex than other types of businesses due mostly to the amount of items that need to be capitalized.

This might mean asking for personal guarantees or using assets like personal belongings, investments, or other valuable items as collateral, aside from the property being bought.

I have been cutting the grass and taking care of small outside items to keep it looking nice and keep the pests down.How can I go about trying to buy this home as an investment property.  

  Also make sure you look at utility access, as road/drive issues often are tied to other municipal items.

Updated some of the furniture and kitchen items.

If this is an older asset that has meat on the bone, the above item are completely acceptable and frankly not that expensive to fix.

The Summary page was reserved for 4-5 major issues like damaged trusses, anything leaking, undersized electrical panel, water under the house, etc....y'know, big and important stuff.So this joker has 5 pages of summary items...everything from loose doorknobs to a loose tile.