Check your particular states requirements for adequate plumbing, electrical, heat, etc..Gail

What's adequate documentation?

1) Underestimating cost of turnover2) Adequate Reserves3) Excessive expenses if not self-managed4) Loan terms (no balloons if you can help it, if no other option, make it as long as possible)5) Master metered property = excessive utilities

As Kenneth mentioned, improved boiler efficiency and timing controls, adequate steam venting at both the radiators and the steam distribution piping, insulating the steam distribution piping, regular replacement of the radiator steam vents a.k.a.

When the security deposit is not adequate to cover costs of damage and cleaning, our reconciliation letter requests payment of the deficiency within 30 days.

Is a bathtub a necessity, or is just a shower adequate?  

If the building won't cash-flow without the commercial tenant forget it.If you're in a mixed use building, unless you're in an extremely densely populated urban metropolis, these apartments are going to be less attractive to renters or have lower tenant quality.Make sure the place has adequate parking.

I cannot imagine the people who own a 105k SFH rental in a low income area and their credit card is the reserve.Peter maybe I missed it but when did Brandon advocate for not keeping adequate reserves?

(Past 2-3, not just current.).Do these seem adequate to you all?

Work with lower credit score applicants if they have a good job and adequate income.