I do not care if someone had a marijuana charge 12 years ago.I do care if its 10 guys coming in for a bachelor party. 

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.

If I scale to a point where I no longer have time and have to outsource, that line item is already accounted for and the property will still be profitable.  

I then would have my tax cpa enter in or do it after discussing tax based items (depreciation- MACRS, reserves, year end accruals, reserves, etc.).

Will itemize for brevity purposes:- Mother wants to move to Saint George, Utah and get a home in a 55+ community- Me (son) has cash and wants to buy the home for her.

Having a GC that will provide good documentation, itemized receipts, etc. will make the process much easier I've noticed. 

But, there are certainly several items that would give me pause.  

Whether we agree with these items or not, the following are inflationary government policies: stimulus, student debt relief, tariffs, increased child tax credits, limited immigration, and big government deficit spending.

But, on the other hand, if your life is very busy with your w2 job or you have a family to take care of, then maybe having a property management company will do you well and just worrying about larger items.

When it comes to assessing maintenance costs, one of the best approaches is to request itemized breakdowns for larger repairs.