Is it customary to ask your GC for an itemized list with receipts of all materials?

The amount of the buyout can range depending on your credit score and how much you are putting down (and a few other items).

Uncle Sam then precluded lenders from taking deficiencies even in states that it was a allowed .. however in NV CA AZ OR WA there is no ability for a bank  or lender to get a deficiency judgment on a purchase money mortgage or Deed of trust.. collateral is sole item for security.Unlike whats happening in Texas right now..

You can just put it as the first item on your extra 20% budget of unplanned expenses that you budgeted for, right?

After that it will require repairs, and a lot of it if big ticket item have been overlooked to begin with.

The price point at which you would be able to afford these properties means that average rent would be roughly 5-600 per unit, which attracts low quality tenants, and means that neglected repairs and capex items can quickly eat into any profits that you may think you are getting. 

Unless my net worth is $10,000,000+ and my income is $1,000,000+ per year, I just don't see myself buying any luxury items.

Instead of giving a 60 day notice or evicting I want to have my lawyer write up something myself and the tenant to sign off on that would state that on Jan 31st all items left at property would become mine to do whatever I want to do with it and the lease is terminated without eviction needed since tenant does not live at property whatsoever.

I got 2 small perrsonal checks from him at closing on a couple small items which gave me a bank account to go to the sheriff's office along with my writ of execution and they seized the money from his account as I timed it for a couple days after he collected his rent on a llc and moved it into his personal account. 

It means the end their last month of rental must be AT LEAST 30 days after the notice.Post back if you need clarification on a specific item.