You want a product as food or better than the homes you are using as comparables.Without seeing your project I'd be very tempted to gut the exterior walls at least so I could insulate.

Case in point, in items 3 and 4 the values of the properties you sell may be different.  

This tenant was inherited with no deposit coming to us due to foreclosures.Security Deposit Itemization (Deductions for Repairs, Cleaning, and Unpaid Rent)Date: From: To: Property Address: Rental Period: 1.

Once you rent the house your responsibility is maintenance and repair of items that are not reasonably the responsibility of the tenant.

There are in fact a lot of unknowns with the project, I just don't understand that if the items are already padded for his profit, why is there a % as well?

Food is always an important thing when I am looking to travel to a new place so  that played a part in the decision making as well. 

@Jason DiClementeHave you broken down the replacement cost per major item over the hold period (life of the loan)?

The tradeoff of potential assessments does not out weigh the benefits of not having to directly worry about roofs, foundations and outside items coupled with 20% cash on cash has my attention.

My wife and I feel electric is more dangerous because the surface could be hot long after you turn it off and you are more likely to burn food because you cannot control the temperature as well.We see valid points on both sides of the argument so would like to know what you all have in your rentals and for what reasons?

I am very lucky because I have zero debt and no bills other than phone and food since I decided to get rid of my car I have no expenses now.