Current owners have been diligent in caring for the septic - regular tank cleaning, liquid detergents only, no oils down the drain, no feminine hygiene products being flushed etc etc etc.  

The rental type demand also shifts with oil commodity prices, I've seen a demand shift from SFRs to STRs in the last year or so.

Oil changes will be more frequent as mileage will rack up, and regularly scheduled maintenance windows will come up sooner (15, 30, 60k mile services).

I'm looking for an experienced CPA, preferably familiar with both Real Estate tax and taxes associated with Oil Field consultants but the main thing is a solid understanding of real estate tax.

You will then likely still need to prime cabinets with an oil-based primer and repaint them.  

Assigned Assessments:(if applicable)Assessment Charge: All fuses to be working and properly sized$2-5Refrigerator to be clean$75Range/Oven to be clean$75Bath/s to be clean$25 per fixturePainting of Woodwork fee$30/sq ftGarage to be cleaned out of trash & swept out$25Driveway to be clean of oil and debris$25-50Gutters to be cleaned$75Yard to be mowed & trimmed properly including shrubs/bushes$40+Walks & drive to be clear of ice and snow$50Furnace filter/s to be replaced$50/filterHumidifier filter/s to be replaced$30/filterAll light fixtures are to have the proper sized working light bulbs$10/bulbHouse to be in good clean condition$100-200Attic Ventilation – Repair (per Care of Premises)$200+ minimumAll trash to be removed and hauled out$25-costAll keys to be returned$10/keyCarpet replacement$15 sq yardCarpets to be professionally cleaned$75+Carpet stain removal$15/stainBasic Labor Hourly rate for repairs$30 per personPlaster wall repairs ie nail holes and etc$25/hrDrain lines pluggedAt cost

So, when I have to snake a drain because they've poured cooking oil down the sink, I remind them of our chat and point out it's also in the lease.  

That's like putting one of those oil change stickers in your car window.Also, i didn't even think about putting some of those basic details on tenant invoices, another AMAZING idea.Thank you!

I just looked at a 6000 sf commercial building, built in 1990, on a small town Main StThe 1st floor is a store, then on the 2nd and 3rd floor are three apartments with space for a 4thThe building is gorgeous but in original condition, It defiantly needs a new heating system and some plumbing work, The electric was on but I'm assuming that needs updating as wellI'm planing on having some estimates and an inspection but fear the renovation would be to costly for the project to be viable, it would probably cost more to renovate than the asking price If I bought it, I'd use the 1st floor for my established business, rent at least 2 apartments and live the other My main concern in plumbing and heating, Has anyone done an oil to gas conversion in a building like this?

I have fixed everything from clogged toilets to grease splattered all over the wall to a motorcycle being dismantled in the living room and the tenants below complaining of black oil dripping from the ceiling.