@Todd Anderson "The inventory will be absorbed but it may take a short time" Define "short time"...

They are often classified as operating expenses or maintenance expenses rather than capital improvements (assets).Washer/Dryer/Stove/Refrigerator: These are assets as they are considered durable goods that will benefit the property over an extended period.New Baseboards/Trim, Doors: These are generally considered assets because they enhance the property's value and are not typically replaced frequently.Furnace/AC: These are significant components of the property and are categorized as assets due to their long-term benefit.Paint, Light Fixtures: These can be a bit nuanced.

you have to define developer.. there is a lot of niche's in the development world.

@Vivienne AffatHow do you define each one of these?

They can buy property any way they want, including with cash, but the low interest rate mortgage on their reasonably lightly levered acquisition is an attractive component of the deal.

How do we define ourselves geographically?  

The other component to this is people continue the "contact the SEC with a tip".

It's definately good idea we need to look for a tenant who wants to sign a longer lease and end by summer time.

Find the age of every main component.

(see pg. 18)A "non-profit housekeeping unit" is defined as a group that shares chores and maintenance.