If they are OK with it, put it in writing so they can't change their mind later.

Every week, I write a blog about my experiences as a long-term SFR investor and property manager who has has been fortunate enough to invest in many types of real estate in many different markets and many different market cycles.

Owners should write a narrative about deals/assets for insurance providers.2-3% rent growth is always appropriate.Rents are flattening.Buyers are focusing on untrended rents.Getting the pig through the snake, as an analogy for getting through current excess rental inventory absorption to get to a gap that will exist in a couple of years.

I would look for Real Estate markets that allow entry point in 160k-250k range, it allows you to liquid your asset if it happen to be the case in future. 

for that, i use reihub (the extension of rentredi). i use quickbooks for my other business but my RE portfolio doesn't require something as robust.

If you expense the expenditure then you write it off fully within the year costs are incurred.

I'm a it girl by trade and a future investor bu passion.

I guess the real question I need to answer is, "Is there rental demand in the near and distant future?"

Get that in writing on their professional opinion of the state of the tree.

Also to document and support a future suit for specific performance.