@Ari Newman whatever portion of the proceeds not used to purchase the replacement property is considerred boot.

Not requests for things they want, but a list of broken or damaged items that need repair or replacement.5.

@Raj Kannan, there are opportunities in every part of the cycle, though not necessarily in every asset type or location.Yes, 50% does go towards expenses, but that's partially because you're putting money aside for the inevitable roof replacement, new water heater, etc.

I have mine at replacement value (ie rebuild). 

Currently looking for a plumber, electrician, window replacement (only 6 windows) and possibly someone to do some plaster repair work. 

Please let me know how you would rate this deal 1-10:900 sqft1958 buildTenant in placeRoof replaced in 2012Foundation repaired w/ lifetime transferable warrantyInteriors have been updated

@Mac L.If they are the old school gate type valves (they turn multiple items to open and close) they should be replaced with ball valves. (1/4 turn from full on to full off)You can probably get away with just doing the main house one (I almost always do these even if working) the rest are up to you.

Do you think I can also charge them for the tub replacement itself?

My full time job is a building maintenance engineer aka maintenance person.. 

School has been an issue with my youngest (learning disabilities) She can't quit her job until we replace her yearly income + healthcare (roughly 24K bring home + health) That being said, when you started in real estate investing how soon did you start using the income to live off of?