I also am lucky in that my father-in-law works for a plumbing supply company (they supply to contractors/plumbers only) and we can get HVAC/plumbing/bathroom remodel supplies at their wholesale price so we will save a lot there compared to big box suppliers. 

From what I can find online, the area seems like a pretty good, solid middle American town with enough population to support numerous rentals but no so many people that you end up with the over-populated, big-city problems.

The dashboard breaks into numerous key areas and on most all pages you can drill down to the lowest levels. 

My only advice is that if you have multiple rentals, paint them all the same shade of grey and always buy from the same supplier, which makes it easier to repaint or do touch ups. 

Do I have to come up with a solid numerical plan and present that to every bank until someone funds my business plan?

It appears this has been answered; however, I too am an LP investor in numerous syndications.

It shows that there are numerous apartments built just for college students, so I’m wondering if students would prefer renting from them or having their own house per say

@Tracie VanHi Tracie,Well, the way I see it the carpet seems to have been (numerically) at the end of its service life (all used up) for getting market rent from the unit (for a reasonable length of time with a new tenant).Since the guy is in now ill and in the old folks home he probably wouldn't be able to fight you in court on the charge but service life seems to be the issue here not the emotions of the situation.The carpet should have been in your CAPEX savings (cost to replace grossed up to the new cost at the end of service life).It's a regular semi-predictable expense in this business.

I suspect the volume of deals that numerically make sense will continue to grow, if the market continues to cool.Joe

I will adjust my site plan and renderings numerous times to accommodate the demand for the market2. how long will it take?