If you manage homes built before 1978, there's a key regulation to be aware of: the Environmental Protection Agency (EPA) requires property managers and Landlords Nationwide to be certified in lead-based paint handling.

They can do some repair to an old roof, then apply a plant based spray to the entire roof to replace the oils in the shingles that the sun has baked out over time.

The broker price opinion is based in comps so is not rocket science either. 

You can see big differences between similar houses based on location, even within the same city, and quality or the property. 

One will argue what does the Management Fee (base) covers?

You would primarily have a section 8 tenant base there now.

This can be different based on your location.

We use 2 wall colors for simplicity and ease of repair.

I'm an investor based out of Long Island, NY.

Based on the 1% rule, this doesn’t seem to make sense.However, the city and area we live in retain property value because of the schools, community, and location.