Those properties are assessed at 4% ( a 33% reduction) and are exempt from paying school operating cost (about another 1/3 in savings.

So yes this is a loaded question as the list is where it all begins!

Most rentals include laundry in there units or coin operated in basement, and as of now I have not done anything in regards to laundry and my current tenants aren't pleased.

Experience can be over come with liquidity and 3rd party management or bring in an experienced operator as a member. 

Lean operations and smart business decisions are important as margins continue to shrink. 

From 2000-2005 we went from a peace time military to full combat operations in two different countries and due to that congress approved increases in military manning and the Marine Corps grew from 183k to 202k.

Some lenders that require a Phase I and if any minor issues, an "operating and maintenance" plan be drafted and "put into place".

One time I bought a note in a state I don't normally operate in and then realized my servicer didn't cover that state.

Property taxes are usually taken up front to front load the escrow account as a part of servicing the mortgage.

I am unaware in CA any franchise brokerages operate the way your contract says.