Here’s a quick checklist to cover your bases:Property Condition: Get a thorough inspection to assess major items like the roof, foundation, and HVAC—this helps you plan for any big repairs.Financials: Account for all costs, including taxes, insurance, maintenance, and property management fees if applicable.

The master would pay for the business items like - car, office, paper, etc.

This is a risk item.  

We’ve got to separate this type of loss from those in which the 5 items listed above weren’t followed. 

On 5/15, which is after our official termination date of 5/14, I requested next steps on getting funds and clarification on outstanding accounting items.

By making partial dispositions, you can also avoid subsequent recapture on these items when you go to sell.

In addition, several items can be done simultaneously (I highly recommend this to save time as time is your enemy) such as doing the exterior siding or stucco at the same time interior rough electrical and plumbing is going on.Foundation is always first and rough framing follows that (which includes windows and exterior doors).

If your only way of making money from an item is hoping that in the future someone else will pay more than you did, then that is gambling. 

From page 730 (emphasis mine): "All non-business tax deductions and exemptions that were temporarily suspended by the 2017 tax bill should be permanently repealed, including the bicyclecommuting expense exclusion, non-military moving expense deductions, and the miscellaneous itemized deductions.23 The individual state and local tax deduction, which was temporarily capped at $10,000, should be fully repealed.

Since you’re learning on the fly, there are many more unexpected items that you have still yet to encounter.