Buy them lunch and ask questions, find out what's good and bad, what tenants are looking for in the area, what the realtor thinks is happening in the area, etc.The above are all ramblings off the top of my head, but, I think there is some good, actionable stuff in there for you.The big items for you to know are ARV's and market rents.

If you wish to buy it, call the person and hold a realistic conversation with him regarding if he's interested in selling it.

Hi guys,Tax question for you:Just curious as someone mentioned that I could utilize Sect 179 of the tax code to take depreciation in the same year instead of capitalizing it over X years on certain items pertaining to my rental property.

@Marques Barton - welcome to BP and I'm really glad you joined the conversation.

. - welcome to BP and congrats on joining in the conversation!

I would not recommend to take the units out but weigh the lower cost electric conversion vs. the fact it just doesn't look as good as gas.

However, even though the lease says the tenant must do maintenance on the building, there are several deferred maintenance items (broken toilet, bad window seals, light fixtures).

. :)BTW, bitcoins are being regulated by the world bank and the treasury and FBI are investigating their use, some countries already regulate use but I have not heard of any conversion of these black market underground currency.

If you're in conversation with him or asking questions and he's inattentive and telling you to hold on, then find you someone else.2) Not unreasonable but find someone else if it bothers you.

Legal fees.Accounting fees.Lost rent due to a lengthy eviction.Tenant damage above the security deposit.Utilities, at least when its vacant.Capital items (e.g., appliances, carpets, furnaces, roofs, etc.)Speaking of carpets, new carpets every 3-5 years.Property management.Make ready costs.