After 2 weeks Doors and door knobsCabinet hardware Towel rods, shower rods and toilet paper holdersRegisters and outlet coversAfter 1 monthToilet ClogsDrains and P Trap ClogsObviously we fix things that are structural, mechanical or appliances.

If the numbers are checking out, the foundation still seems sound, electrical, and plumbing has hopefully been updated, roof, gutter mechanicals all looking pretty solid, you are doing fairly well.I also take the stance that, if a property has been there over a 100 years and is still standing, you know you have a solid house.  

I have spent the last 25 years as a Mechanical Engineer and have recovered financially. 

I just found something interesting: In 2010, when they proposed amendments to 36-60-17 to make things clearer, this is one of the requirements, which would make a water lien sort of like a mechanic's lien, in that they'd have to file suit within 12 months or lose it......I'm going to dig some into that. " (7) A claim of lien provided for under this Code Section 36-60-17(d), shall lapse and be of no further effect one year after the filing of the claim of lien if an action is not commenced pursuant to subsection (1)(vi) hereof on or before that date which is the one year anniversary of the recording of the claim of lien.

My thought is the cash flow may be better than long term rentals, providing me with a mechanism to more easily role into a second or a third property.

As an attorney you already have the upper hand as you should value contracts, the importance of insurance and understand the mechanisms of litigation.

You will need to understand the mechanics of a cost segregation, as well as, depreciation rules. 4.

A 3rd floor addition will not only have structural modifications, but also require mechanical, electrical and plumbing permits.

The listing agent SHOULD tell the seller to make sure appliances, mechanical systems etc are accessible upon walkthrough/inspection day.

If you're worried about break-ins, then you need to secure it.We give our clients several options, including removing & storing the mechanicals to avoid theft.Also, check with your municipality to see if they have any requirements.