In 2024, we've had to replace, in a few buildings:Siding - $30kRoof - $8kLeaks - $3kTurn-Overs - $20k+Appliances - $5kNow, I've been doing this for over 40 years, so I have a good amount of buildings. 

After paying a competitive rate for the property management and ASSET management that the small operator does himself.  

It should clearly state the operating income, operating expenses, and net operating income.

By being physically present, you can gain valuable insights into the property's operations, interact with residents, and assess the team's performance.

Any input on the appliances noted above would be appreciated.

You need to understand that given your situation the asset and operational impact must be absolute minimal, lowest risk exposure possible.

If your leasing application process is thorough and well thought out, and if your lease agreement has been well drafted by your local attorney and if it includes clauses that permit you/your property manager enough latitude to maneuver and anticipate undesirable tenant behaviors, both actions and inactions, and you have operational processes which align with enforcement of your lease, then you've done all you can do to reduce this inherent risk of an undesirable tenant.  

I've seen the SEC come in and shut down bad operators immediately as a risk to the public when they continue to raise money like this.

We are not a marketing company that sells other operators' properties. 

Very few people operate their LLC correctly and therfore this just gives them a flase sense of security.Moving into a LLC can also trigger the due on sale clause.