Haven’t done a lot of investing (2 rentals), but my lesson is don’t let a PM get away with poor communication.  

I actually did a round of oil and then switched to latex, have not gone back and forth yet...actually decided to never run oil again because of the need to use solvent instead of water to clean it out.

It just amazes me what some tenants try to get away with. 

I typically round up vacancy to at least 5 to give a buffer. 

I put quite a bit of time into building relationships with other successful realtors in my market because that often allows my clients to get the best deals, win highest and best rounds on the buy side, or get inside information about the buyer's motivation when I am the listing agent. 

Buy your own home and get away from the nest.

Is this round of RE market cycle approaching to an end any time soon? 

I can suggest roof and mechanical inspections since these are the two big ticket items.I would love to get suggestions from folks that have done larger deals in the past.What else should i be requesting from the seller other than leases and financials for the properties.Looking for guidance on how to do due diligence on a large portfolio.Ashish

@Helen Zhang interesting stuff...we just made it through the initial regulation round here in Columbus...not too bad of an outcome, but this is just the sign of the times with this disruptive technology...

I love you said about the hardwood floors..I see landlords and pm all the time trying to get away with carpets, and you are 100% right it's a total waste especially if you have hardwood underneath, the maintenance is crazy on carpet, by turnover you  need to either clean and most of the times replace, besides that it ebsorbes smells etc.