I contribute few items to Aleksey's education.Therealdeal has answered your question: most GP has not graduated high school during 2008 fiasco LOL so you could guess.

The $20 you gave him went to his favorite habit - cigarettes, liquor, drugs, cat food.

The profit on this one is $253,417Click to enlargeIf you find your way down here, we'll have some great Mexican food.

You may be able to expense some items that are normally thought to need capitalization.

In one of the BP books it gives this CapEx spreadsheet to break it down by item.

Other than that, roof is newer, and there will be some drywall, new flooring throughout, appliances and a few other items.

@Jack Little, the terms and contractual items of the note itself can be anything that the maker and payee agree to. 

Congratulations on your recent investment.Moving new residents is a perfect opportunity to form rapport and set the stage for how your landlord/tenant relationship will proceed.We love to meet them at the property on or before move-in day to go over a couple critical items:We walk the home together and address any existing cosmetic issues and any open maintenance items.

Every submarket/micromarket is so unique, it's hard to know what your's can support when it comes to retail, and what it would be like to deal with those types of tenants, especially small business owners who may operate on a razor thin margin, like most food/coffee businesses do. 

The frustrating thing is there's really no way to put items in a contract that have forced us to leave McDonnell: 1) have good communication, or 2) turn a unit in a timely manner.