It's always important to have contingency reserves and having a healthy contingency line item that's capitalized can greatly reduce cash during life of loan.Loan Administration:Remember construction lenders release for completed work and the borrower has to navigate the process by which the work is completed in order to obtain reimbursement.

I've been pondering the same question lately.For items like HVAC filters, do you remind tenants when it's the time to change it, or just expect that they will do it?

Most syndicators are not very motivated to put together profitable deals because they make money by putting together the syndication itself.As I've mentioned, not all of my passive investments have done great, but in aggregate they have done better than average because none of them have any of the items mentioned above. 

Another complex I own in will replace the kitchen cabinets and flooring in the units as they were originally sold with these items.

Amazon never sold all those items at first.

Lastly, I make sure that we are double checking and doing proper due diligence - I walk the property and do an in-depth investor walkthrough for them, we do a home inspection, we have a licensed GC to walk and write up an itemized bid, etc.And to answer the last part of your question, one of the hottest markets is Columbus Ohio!

Some houses have so many decorations, misc. items around the house it is difficult to notice when things go missing over time.Hope this helps! 

They're about $2K, but in-unit W/D is the most requested item I hear.4 burner gas top should be OK.

I always make sure that the properties are cash flow positive, but the large bulk of the money I make from them is from the other items (appreciation, debt paydown, tax benefits, etc). 

They usually cherry-pick fire and safety related items from new editions of the building code that just can't wait, in their opinion.