Reserves can be in the form of savings or excess monthly income to cover things as they pop up.

Unless you are really motivated, have the adequate mindset, the financial resources, and a close to full time commitment, I don't see how you will be able to recoup in excess of $30K in the short-term.

How much of the deterioration of the windows is due to normal ageing and how much due to excessive moisture will also be hard to establish conclusively in court.  

If you find that the operating costs are excessive, then you would not purchase the property, or it would give you reason to re-negotiate your offer. 

I have heard others state as often as quarterly (although I personally think that is excessive, at least for my B+ class properties).

My first tenant is moving out and it is not going smoothly.There seems to be a lot of excessive damage to the house and I want to know what is normally considered excessive damage.Is there a standard listing of typical excessive damages in rental properties?

Right now there is also a built up excess supply in your backyard of condos where the developers of many projects are left holding the tail of those developments.  

You did not give a lot of info on the property but I am guessing that a 4/4/4 is going to be in excess of 3000sf.  

It doesn't seem fair to conclude that office investors naively take higher risk for lower cap rates.If I owned enough multifamily to cover costs of living and was sitting on excess liquidity I could see delving into offices to diversify, but it seems savvy investors may be able to make sound office investments more directly.Related: investors in mobile home parks insist on valuing properties primarily on lots, mostly ignoring park owned homes.

Patrick Cruse granite in a 68k house seems excessive to me, though with scraps might be a nice touch.