In the event someone takes you to court if you are blindly moving assets around they can try to pierce your protection by stating it was not a real biz.  

I think with all forms of education it is imperative to be discerning in your learning and not just blindly follow someone into a big mess.

Below is a detailed list of repairs and costs.Repairs and Costs$120,600 Purchase price$3,000 closing costs$950 survey to split lots$800 drywall patching and repair$5,500 for new water meter and installation$500 wire fence$1,600 new paint$300 plumbing repair$250 new carpet$600 new laminate$100 gutters, drainage, french drains$500 front porch$600 new kitchen sink and countertops$2,000 other misc costs, like new blinds, touch-up paint, gravel, necessary tools.Total Costs$137,300The SaleIn May, our tenants moved out and we sold the rental home for $145,000 after finding structural issues.

I would replace the mini-blinds after every tenant seeing that they are typically a cheap item to replace..

He is blind and deaf.

There will be millions of dollars in repairs & maintenance up for grabs & ripe for the taking & I'd fully expect them to get robbed blind & not even realize it.

Otherwise, the default answer is no, but in reality is negotiable and I'm willing to deal with some nonessential repairs to keep tenants happy (blinds aren't working well).

If you hadn't, then maybe you'd be blind to its potential.

Nasty carpet, cheap fixtures, mini blinds.  

It seemed most in the Vancouver area were trying to force me to pay for their own lawn service or carpet cleaning or blind cleaning business in addition to their management fees, written right in their contract and not negotiable, and that was a deal breaker for me as well.