Not to mention, I find it much easier to negotiate contingencies, extended settlements to sort out zoning or other items and even settle with permits in hand with MLS listed properties which is undervalued by most but can greatly reduce your transactional costs and open the door to better financing options. 

We have fabric in ours right now - they're going to be recovered this spring - and people are constantly spilling food on them and leaving stains.

I have heard that most cabins are failing inspection, but it is for easily fixable items like no exit map on each level or the charcoal grill being too close to the house etc.

If you do not meet the schedule, a day or two for each item, and they tell you the schedule, you loose the $2500 credit card prebidding charge, otherwise they cancel that charge.  

Add tax return preparation fees, bookkeeping expenses, bank fees, potential legal fees, and the major expense of replacing a major item, such as AC or water heater.   

Amateurs don't consider the long term implications, service life of an item or uptime.

Hi Robert, As with any home of any age, first check the cap ex Items to see what your major expenses might be.

I would say the biggest things to look at would be do you want replacement cost (amount needed to replace/fix at todays cost) or actual cash value (depreciated amount depending on age of roof, or item damaged).

.- You'll save A LOT by talking to 3-5 contractors for any big item.

@Albert Johnson easy--you retain the cost of fixing the problem out of the tenant's deposit, and send the tenant an itemized report showing exactly how much it cost to fix the problem (and abide by any other local laws/regs regarding deposit retentions and refunds).This is what the deposit is for!