My question in the class was, how they define “investment” in the property, if they refer to just the mortgage principal, or if it includes any improvements done inside the unit. 

I've got a very simple JV agreement that defines very clearly what each parties responsibilities are, and what the split is. 

Definitely one of the major components. 

The cost of this can vary quite a bit based on a number of factors, but especially if the property has older wooden windows (it can take a while to test all their components). 

Obviously this is not taking into account also having money for repairs, vacancies, etc. hence why we are still defining our criteria and establishing our target market/ area.

I would love the opportunity to expand my understanding about the business and further define my area of focus.

There's no mention of the shut off anywhere in the report, all other plumbing components.

Idiosyncratic risks are defined as risks that are specific to the asset and the asset’s business plan.4.

The list goes on.You can get a sense from that that how you'll manage in a particular area is really defined by a combo of a lot of external things and how you fit your services into the local market, and how to best serve the needs of your clients and tenants.Beyond all of those things, the best advice you can get, if you're serious about building a property management company, is to really think about what systems you want to put in place.

how is a week defined?