I have a couple of people that this has happened to, and you need to have it in writing and tied to the property to make it work. 

It take more than 115k for a full gut reno on 1000sqft in philly. lol

Most likely those would be smaller apartments, sub 50 units.It is harder to find solid property management on the smaller apartments.  

My coach suggested (and I implemented) a "must do tracker"....it's a color coded spreadsheet (I like to print multiple copies and keep them on a clipboard to stay in my sight/top of mind). 

Keep this to a single page.

and some guidance from the FTC is here: https://www.ftc.gov/tips-advic...Simple solution - DON'T.

The more specific the input, the better the output. 

Think Good Deals Are Hard to Find?

When you go to sell, you're subject to tax on the amount of profit between your adjusted basis and sale price, not your purchase vs sale price.Recapture is not repaying the depreciation.

In the event we are more than 30 days late on payment the agreement becomes void.