_____________________PIN The sale shall also include all personal property and fixtures, unless specifically excluded; all other items will be included, whether or not affixed tothe property or structures.

Obviously a bad idea, but statistically some people will get away with it, then come on the forums and say exactly what you mention, perpetuating the cycle.However as you start acquiring more properties, which I'm assuming is most people's goal on here - to have a substantial amount of passive income - the more individual properties you have, the more chance of at least one big ticket item each year.

Others have outlines items you need to include in your expenses.  

We dont like to accept any kind of paper money unless there is some odd circumstances or at move-in.I perform tenant screening and follow up on application verification items, as well as all the bookkeeping and processes.He gets first shot at any maintenance work that he can perform himself and bills hourly, uses my company Home Depot card for supplies.  

Well when I graduated in the year 2010, being an agent was probably the least desirable career to choose (I probably could have made more money being a trash collector in Detroit.)  

I also need to develop a list of items that I need to do right a way and things that I don't do, and provide that list to the tenant before we sign the lease.

We usually collect a deposit to cover special order items and permits (usually 10%) before the project starts then 30% upon inception, 30% upon half complete and balance when totally completed.

Several items stick out at me.1.  

Deano,i just went to HD and asked them if I can "preset" my items on their site so when a project starts, i just "move them to my cart and hit buy". they said no, i can't. do you have to manually enter all items you are about to buy each time or you just copy an old order?

The first year was a little rocky b/c we didn't find all of the maintenance items that it needed when we bought it but it has settled down nicely and stays rented, to good people who take care of the home.