The same applies to every major item at the property.

The assumptions are totally bogus......they have no expenses for repairs, maintenance, replacement of major items(capital expenditures), vacancy, tenant damages, management, etc.

.* Replacement parts are difficult to come by* Cannot be moved around a lot, or will cause the furniture to weakenit appears that most of the furniture will last 3 years, but any items that outright break will be replaced out of the security deposits.Again, my strategy was to spend the least amount of money to max out my rent.

Did you also call back numbers captured on Google voice that did not leave you a voice mail?

I know there are plenty of other important items as well, but at least these questions should point me in the right direction.

And if there are low hanging items in any rooms they may need to be addressed.

Of course, I have to ignore item #4 - there will be major outlays immediately, but I can finance that with a construction loan then refi for the long term.

I looked into those and most of the deals were Homepath Construction financing and on those I think they required you to use 3rd party contractors to fix the items on the repair list.

Again, a commercial lease allows the tenant to capitalize and expense repairs, a residential lease does not and is only a matter for the owner, an owner can't depreciate items as required if paid and made by a tenant.

If you have the ability to purchase and funds to get started they might spend time educating you as it leads to a business and a relationship going forward.If you have no money then really what you have is time to try and shadow and investor and do gopher type task items to learn from the ground up.