There are so many items that you'll find early, easily fix & extend useful life, by just devoting one weekend to several units, instead of letting them becoming major problems with major expense, which is usually when tenant and management notice.

As mentioned above, the builder is just going to complete any necessary corrective work as part of their pre-close punchlist.Here is an exact quote from one of my builders (49-unit townhome project) from a couple of weeks ago on the topic of third-party inspections:"•We will solve items that fall under the category of our Fit and Finish Warranty or any life-safety issues •Cosmetic or "recommended" items from the inspector may not be considered and are subject to Builder review and discretion."

I bought a house that needed the electrical panel replaced, had an HVAC system I knew was at the end of it's useful life, needed a new roof, and had a variety of other smaller issues. 

The one thing to consider is how much work your dad wants to do in the next phase of his life and what his financial goals are.

I am sure vast majority of people on BP and life donot want to pay what they donot owe. 

1) you can’t afford to “gift” these strangers $4,000 year. 2) if rent caps kick in you wil be giving them $4,000/year for life.

If it's not cash-flowing, it's not for me at this point and stage of my life.

PMs are human just like the rest of us.

I hoped bigger pockets could connect me with someone who could help me dive into the real life details without the normal youtube spin trying to sell a book or program.From what I've read flex spacing is a small retail/office space attached to warehouse space that can be separated into different sizes depending on the tenant needs. 

I actually wrote down all the appliances and capex items and amortized it based on the projected life expectancy and it all comes to just over 15%!