On the list of items, it states Landlord or Tenant responsibility.  

So, if you planned to own it for 30 years you could be relatively sure that you will replace the:  plumbing, windows, siding, floor joists/piers, and roof (again) . . . that's not touching aesthetic/cosmetic things that will possibly be replaced along the way. 

Life span of 10 years. 3000sf*$6sf= $18000/10 year life span/12 months in a year =$150 per month for 1 item.

Don't forget that you can always keep the added items if you ever decide to leave that property and then place them in your next property.

Also, to avoid "stupid trips," if tenant calls regarding small items that are not serious, we let them know we'll attend to it at our next inspection. 

The municipality typically performs a Use & Occupancy inspection (or a similar name) that primarily looks for safety items and verifies proper operation of major features. 

Syndicator does have a line item for handyman in his plan but wants to try this approach first.

I would recommend looking at one year and work it backwards from there by breaking things down into specific action item.

Jasson,Tight analysis, few items to point out. 

So for the rehab, the plan is to replace all of the major components of the home: New HVAC unit (with additional duct work), new roof, new pool equipment, and an expansion of the driveway.Smaller items will be to redo all of the bathrooms, frame up walls to split the home in 2, and a new kitchen in the studio.Final Thoughts:    I hope everyone enjoyed this original post.