@Austin JamesUnderstand the area, the current tenant base,the median income, is it in a flood zone, the age of the asset, the condition of the plumbing, the electrical wiring, the fuseboxes, the age of the roofs, the age of the mechanicals, the condition of the foundation, the drainage of the property, does the property have a C of O, is there ny environmental concerns such as oil tanks being buried, the current property management company, what are the amenities.These are just a few things to look out for.

I too get frustrated at a resort charge but for me I just look at total price when comparing properties.If you went to a mechanic for new brake pads and they said it would be $195 would you upset? 

., Inspect Mechanical items, Water Heater Age, Roof, and Appliances. 

It's going to create a new pocket for either another company to step in or an entire set up of direct-listings and more emphasis on creating a hospitality top down little network integration.

We use Schlage mechanical lock not as much flexibility but there are other wifi lock with battery life indicators.  

The mechanics and specifics of this are really a question for my trusts and estates department, so I will check with them for you. 

Try to focus on properties that were built after 1960The reason for this is because the foundation of the property is likely made from poured in concrete or block construction.Poured in concrete is favorable because it allows for less water penetration into the basement.The mechanicals of the property are likely more in line with today's building code.

Putting all this action into a partnership tax return reduces the risk right back down to an acceptable amount.Second, with a partnership tax return, we can mechanically show your capital contribution (at-risk money) including recourse loan debt.

Nice kitchens and bathrooms are great, but if all the mechanicals are old, electrical is outdated, and its all made up of plaster walls, you might as well gut it. 

Usually we end up replacing ranges due to cosmetic issues more than mechanical.