Hi Andrew, glad to have you in the forums, there are plenty of good conversations happening on here especially for out of state long term renting.

I have a property in Philly and thinking of renting to the program@Serina Bellamy, Inspectors would fail items that were previously passed during prior inspections.

Next BIG item, where is the video walk through????? 

You've given me some solid pointers/items to take into consideration for future deal analysis, so thank you for that.

The inspections have become so nitpicky over purely cosmetic items there has to be an extra $1-2k per year to keep up with the punch list every 1-2 years.

Look for a place where you can secure items that you do not want tenants to have access to. 

This shifts the conversation from opinion to facts, which is harder to dispute.Keep Emotions Out of ItNegotiations can get tense, but staying calm and professional gives you the upper hand.

Pack their items, change front door locks and give new locks to other tenants.

With the HELOC and then converting it to a term loan you will probably be paying higher interest and/or shorter amortization period on conversion which will mean higher monthly payments.

Tailor these amounts to the significance of the task; for example:Roofer: $1,000/day (critical to weatherproof the site).Painter or garage door installer: $100–$200/day.Contract Value & Payment Terms:Agreed payment amount (lump sum or itemized costs).Breakdown of payment terms:Deposits.Progress draws.Retainage (if applicable).Scope of Work:Be as detailed as possible.