Of course, not as many companies are IPOing like in the dot com, but there are a bunch of start ups in the area that have unsustainable business models that do not profit. 

If no changes are required for the stair case, make sure in the future you make perspective tenants aware they should measure before attempting to move items. 

What happens if a big ticket item occurs during the first year?  

So if a fax comes through for me, my team lead doesn't have a problem with forwarding items to me. 

Really, there are 2 primary models (I'm sure someone will disagree with me here, and that's ok!)

Thanks Daniel,Im pretty excited about my new business model.

If buy & hold is your model, looking for a scorching hot market isn''t necessary and may not even be wise.  

Specify reasonable items that you'll fix as a landlord and what maybe unreasonable.

I am interested in what would you recommend.Also, could you please give  some examples of the strategies or business models you are referring to on the following statement?

But in my case, since this is a rental, the ARV does not matter (until I sell).as far as knowing what things cost... it's kind of like groceries - you have no idea what a 5lb of gluten free flour costs until you start buying it regularly. rehabs are almost the same way, just not as consistent as grocery items.