The investors that are buying into this development are very quality high and once the builder is out and the homeowners over the HOA, it will be a really well run system.

I use a scoring system where applicants gain and lose points and their total either meets or falls short of my established line in the sand.

Assets identified in this study include:Appliances: Dishwashers, laundry machines and refrigeratorsElectrical and communication systems: Specialized equipmentCabinetry, Countertops and shelvingInterior Finishes: Laminate flooring, carpet, and decorative elements.Security and communication systems: computer connections, alarm systems and telephone connections60.8% of the total depreciable basis was classified as 39-year class life.

They can't control the utility company repairs, so this makes since.Hopefully they will get all these online quickly too.

Insurance company is making me get a UL certified central fire alarm system for this 4 unit I bought in PA. 

Having systems in place can be very helpful.

You should ask a host of questions about how they handle situations and the systems in place - rent collections, maintenance, evictions, vacancies, etc.

Have your systems and processes in place to have the business become increasingly more autonomous (cleaning, pricing, property management software, automation, etc).

Ideally, you would want one that would share systems with you (spreadsheets, budget tracking, walkthrough checklists, etc) this would save you a ton in time and duplicated effort. 

Often times there are bedroom size requirements, residential sprinkler system requirements, among others.You'll want to then check the state regulation agency and review their requirements and licensing process.