National Fire Statistics "Sprinkler systems have been designed to reduce the numbers of fatalities, injuries, and property damage resulting from structure fires.

For the hot water tank, if there is two, then its theirs too.Besides property insurance and water/sewer, I think all common areas, landscaping, and in some cities maybe even trash (check your local area).As for consumables like light bulbs, I consider if its inside the unit door, its theirs. 

I don't know what kind of landscaping you had for the home but I would recommend doing a low maintenance lawn design.

Agents have started listing low and holding off offers to generate bidding wars.Know the landlord regulation and zoning landscape in each market.

I would think that updating the colors and enhancing the landscaping would be money better spent!

Landscaping $2,400/yr.Management $4,800/yr.10% reserves (5% CapEx, and 5% maintenance) $4,800/yr.$15,000 estimated expensesAssuming continued 17% delinquency (1 unit out of 6 every month), and Vacancy/Loss of 1 mo./6 units/yr. (8.5%) $4,000/yr.Total estimated costs of $19,000 yr. for an NOI of $29,000.00, or 21.4%This is a C- property with meth heads and SSI tenants.

It is in need of landscaping (trees growing out of control) and some work on the exterior.

I'm also looking for water, sewer, landscaping/snow removal, & garbage as well...maybe the tenants cover all of that, but be sure not to overlook. 

I also asked to see the HOAs financial docs, and the president just replied that the dues cover insurance, cable, landscaping, and other small item issues that come up. 

After needed repairs (which includes new cabinetry in the bathrooms) and some light landscaping I'll have about $7k to use on more "discretionary" rehab items.