Some common items to note: roof, electrical and plumbing, window updates.

This is the commonly selected option on the contract and this of course is decided BEFORE the contract is signed. 2.

This is the second time Ive heard consideration to renting to one ethnicity on BP which alludes me to believe it may be a common mindset.

Elevators are for fat people.

Triple Net leases allow the Landlord to pass Operating Expenses (primarily comprised of Property Taxes, Insurance, Common Area Maintenance, Snow Removal and Property Management) directly through to the Tenants of the property on a pro-rata basis. 

In the beginning its common place to take debt under their name to start off. 

So very common to see a VA offer without a down payment.

You would have to buy that property (or a % of it) and then contribute it into a new LLC.Since you're buying the actual real estate as a tenant in common it does become a little easier to deal with the debt.   

It's common to be scared of making mistakes and sometimes you have to do things when you're scared.  

This is a great time to update your lease to (a) a month-to-month contract, so that you can ask anyone to leave if they are messing up the feng shui, and (b) add a non-smoking clause.I have written extensively on the merits of MTM leases here on BP, so you can read about my rationale if you'd like.Here's my non-smoking clause:SMOKING: Smoking is prohibited inside your unit or in any interior common areas.