EXPENSES: tax, insurance, yard care, elevator, fire alarm monitoring/inspections, Backflow testing, management, maintenance/repairs, reserves for cap ex, utilities, turnover costs, legal fees, tools/equipment, janitor, telephoneetc...

We have a lot of oil field service companies, chemical additives for oil wells, drilling pipe, motor rewinding, dirt contractors, construction/moving equipment, rental equipment, workover rigs, consultants, etc.   

Sometimes it's because of health problems or other issues, and we step in and do the lawn and trimming with out equipment once or twice.

We are really only equipped for minor repairs and finding we have a hard time “completing” anything fully because we are off to the next job.

Examples of what is considered Personal Property would be items not permanently attached to the Building that you provide for the tenant, such as a fridge, stove, washer & dryer, lawn equipment, etc.For single families, this is usually a low limit, but if you have a 20 unit building with $1500 in each unit, you could have $30,000 of personal property not covered if there is a total loss.All in all, I'd say only 1 out of 10 of my clients carry the coverage.

(I would not recommend it unless this is your specialty and you are equipped to do so) There are a ton of different kinds of fees that you can charge when doing syndication deals, but those are probably the most common and most palatable for other investors especially when you are getting started. 

I personally have also dreamed of making a space like this but more maker space with some equipment available for use and then smaller shop spaces for small companies that needed space to grow and could benefit from the machines I had available.  

Equipment suggestions? 

The historical data of epic financial ruin following even very savvy people who invested in housing, food, tools, clothing, heavy equipment, technical services, a few unmentionables, etc for oil field boom events is truly legendary. 

Context: I am also a Realtor in CO and for us it's become important to disclose to would-be-buyers touring our seller listings when there is audio and video recording equipment in use.