I want it to be low maintenance which is why I'm considering a condo/townhome.  

Maintenance guarantee and tenant placement guarantees.  

What should I as the current landlord for before completing the purchase rent ledger, maintenance ledger etc...

After registering, properties are inspected every 10-ish years confirm they meet basic maintenance and safety standards. 

An average person with a modest routine of self-improvement will out perform a disorganized genius ninety-nine times out of a hundred.

Hey kids,Sorry for the what I'm sure is a super lame question, but I've looked around the site, but have not found the answer to:  "What's the difference between "Maintenance" versus "Cap-Ex?"

From the pictures it looks like there is no deferred maintenance but I haven't been on site yet.

BTW, for 40 units, why not get a full time handyman/maintenance guy?

Just curious what is typically used to estimate what ordinary maintenance/repair costs to get a good judgement of NOI to help determine deal analysis.Thank you,Nick

In other words, we paid too much for it, it's an old house that's surprised us with deferred (but covered-up) maintenance, and we'll be lucky to "break even" not counting our time when we sell.