I am looking to get my feet wet and get in the game of investing in westchester county, NY area, that is why i upgraded to PRO. 

He purchased it for 130k and would love to profit 40k and just exit - the basement needs some work and he's looking to upgrade w/ his significant other. 

At the end of the year we keep $30k in the account and use the rest on preventive maintenance or upgrades.  

It is an upgrade for them.

Broken doors.

Its a great property acre lot, with really high quality upgrades in the house.

Just to Expand on Josh's answer if your in a NNN lease your payment is usually broken down into 2 amount.

I'm purchasing a property in Cleveland Ohio, and my plan is as follows: The landlord needs to get out of his loan for his current non-income producing rental property.Current Value: 64K FHA Loan Payoff: 49KCosmetic Repairs: 5K (elaborate upgrades to with this price)After Repair Value: estimated 75K Rents: $700-$900Purchase w/ Hard Money Loan 6months -1year to SellRent till PurchasedTaxes will need to be paid (unsure of the amount)Now my question:When creating your purchase agreement do you need "and assignees" added to the signature part of the contract?

I provide lists with estimated numbers broken down and mostly take all of the analysis out of it for you.

If you decided to replace the carpet and paint the exterior after having it listed for 5 months, what other basic cosmetic upgrades are you neglecting to do (new carpet is seems like a no-brainer BEFORE the house gets listed for sale)?