Mildly worn carpets will need to be replaced sooner than cheaper rentals and minor scratches or imperfections here and there will be expected to be fixed where renters in slightly cheaper rentals will tolerate a little more wear and tear.

Even an imperfect neighborhood on a train line with direct access to the city will be good as a rental.

Im perfectly ok managing it.

Unfortunately thetort system does this only imperfectly.

We get back a list of imperfections that we usually take care of completely.  

See http://www.health.ri.gov/materialbyothers/LeadPoisoningProtectYourFamily.pdfThe trick with the fire regulations is that each fire marshall can effectively interpret the rules differently - for example, some towns will let you use wireless detectors, others will not, even though by code you should be able to - in my admittedly-imperfect understanding of this areaStaying up on these law changes is a big reason why I attend our local REIA (rireig.com) every month, by the way.

Chat is an imperfect medium, particularly because it is difficult to construe people's words and because often people are "typing" over one another.I'm glad that we managed to get a nice group together, and hate to hear that there were some problems, but that is bound to happen.That all said, we've found a new chat provider that I think will improve the experience, as it will allow for video chat where we can see/hear one another.

Thinking maybe it could work for an imperfect BRRRR where not all the cash is pulled out...rather than 8-12% for a private loan, you pay 4-8% and then something like a 10% stake in the cash flow based on the money left in the deal?

The insurance company, in return for a premium,  agrees to defend any imperfections that may arise up to the policy amount for 25 years which is the maximum statute for adverse possession in Texas

@Jim KozA title commitment is basically a title search which shows all the imperfections that must be addressed before the underwriter will offer insurance and title policy.