@Michael Maltese I use the excel spreadsheet because it allows me to visually see items on the spreadsheet but I have also started using Tenant Cloud.

I know guys who just want a 11% ROC.9)Majority of contracts are custom with boiler plate items depending on local municipality and laws10)LLC to purchase and hold the property11)Depends on what you want to do. 

@Alex Olson Thank you for the reply, I’ll add that to my list of items to research.

If it needs some work and you get some quotes from a few general contractors then you can also use that itemized list of labor and materials on the property and refinance it out through a bank to force some appreciation of your asset. 

There are 52 inspection items for FHA that will be reviewed.

He never itemized the contract, he never put he last name on the paperwork and never signed.

My area it is $6 sf to replace. 1500 sf*$6=$9000/10 year life span/12 months in a year= $75 per month for 1 item that was brand new.

Some items in your units depreciate faster than 27.5 years, such as appliances so this could be higher in the earlier years of ownership.4. 

Any idea how old these items are?

We have added one item, proof of rent payment for the last 6 months.