I am sure someone with more experience can provide more info, but here is a start.The information I kept was: - original signed application & lease (tenant received copy) - signed completed move-in checklist - records of exact date and payment amount from each tenant - signed complete move-out checklistI kept all this information for several years after the tenant left to property.Having learned more since that time, I would also keep - records of all maintenance requests from tenants - records of exact date and payment for all maintenance items

Make a detailed list of everything that needs to be done and get pricing for each item.

We need more detailed drawings for which we have a guy who has worked with the city before ready to go.Project ManagementRight now we are using a share reminders list for iPhone, Dropbox to share all files, and Excel to track expenses and action items.

There are lists of other items on other threads that you should include in your DD.

Most lenders can’t qualify borrowers because of so many new compliance-related items that come up during the underwriting process.

The longer you go not purchasing items frivolously, the easier it becomes.Brianna, I agree.

Section 1 items to be cleared and any Section 2 items that may be a health and safety issue are also to be cleared, otherwise property is ineligible for financing.and...10. 1004D: WATER HEATER DOUBLE STRAPPED IN UNIT C/AIR CONDITIONER FASTENED IN WINDOW IN UNTI C OR REMOVE AS WINDOW DOES NOT CLOSE / FLOORING INSTALLED IN BEDROOM IN UNIT C, MOLD REPAIRED IN UNIT D.

She could however switch electric into my name OR deduct the estimated cost of the infringing items.

What are your other itemized deductions?

(Some interests, like those of the Federal Government, have a legal superiority by law regardless of order in time of lien) ...Dion - your post was really detailed about this subject, but there is one item I have to point out.