@Jason DeVelvis 2 comments on this that should add some clarity.1)  It's standard practice for the PM to be added as Additional Insured (AI) when possible. 

Marketing is the NUMBER ONE most difficult aspect to distressed real estate marketing.That website will be added to mine as a link.ThanksJim Watkins

With your permission, I will be adding these items to my list.

I'm kind of new around the bigger pockets homestead and the intent was to point out what I perceived to be added risk in the deal process you explained.I probably missed the inference to that one particular instance you mentioned.

@Dennis KwonNot much be added to @Brian Burke's get post. 

Broken bedroom and bathroom doors are part of the lives of many "couples" and "parent/child" situations.It doesn't matter who did it, don't get involved in their drama and don't believe the stories they will tell about the damage.Just treat it in a neutral businesslike manner vs being angry.If it were mine I'd tell them it will be about X$, (don't forget it may need to be painted) and have it repaired ASAP and it will be added to their monthly bill, if the lease allows it, or is silent on it, AND the local laws allow it.I would also verbally tell them, "THEY" need to be easier on the unit, and while you realize that 'Accidents" happen, if they continue breaking things they will have to move out.Then continue on with whatever renewal/non-renewal you intend to do.Good Luck!

@Shervin MirdamadiDepreciation you can add back to your gains and one time repairs can be added back, but you must have well documented scope and receipts. 

Very well explained although as I posted in the chart that some taxes may be required to be added to basis.My understanding is that the real estate taxes can be pro-rated for the year of purchase of a rental, splitting on the date placed in service; taxes for the period prior to being placed in service get added to basis; taxes for period after being placed in service are deductible expenses.

Hi All, I currently own a single family home and am going to be adding an extra bedroom & TV room in the near future to this property to increase equity.

I'd love to be added to the list as well!