@Jingru SuiI’d echo a lot of what Justin said standardize as much as possible on things you replace frequently or could get broken/ruined.

I patched some broken concrete where the rats had burrowed into the house.2. 

Originally posted by @Nicole Assali:@Pat L.I know I will be looking at installing the valve ASAP, any idea how much that should cost The part was about $200 but your plumbers time should be part of the sewer upgrade. 

We are upgrading units, taking care of deferred maintenance, cosmetic Exterior upgrades and amenity additions and improvements.What made you interested in investing in this type of deal?

if the cap rate calculation is right (can't tell you how many times i have found it isn't) and reasonable i do the following:i've created a spreadsheet broken down by 1)basic prop details (address, tax ID, asking price, prop description (i.e. 4 unit, 2 bed, 1 bath), year built, average rent per unit) and the date i reviewed the property 2) loan details (estimated sale price, down payment, closing costs (estimated), interest rate, term, estimated cost to rehab/fix stuff on day 1, 3) financial details, gross rent, rent reserves (typically 3 or 5% of gross), disclosed expenses, my estimated expenses.  

   Anyone who is a PRO member or who upgrades to a pro membership, who PMs me their mailing address, gets a free craft 6-pack, as well as a memorandum on the value of calculating NOI and comparing that to a properties price -- but which specifically outlines you should not use this data, or any similar data within 1,000 yards of the word CAP rate.

I have had probably ~100 broken windows in the last 13 years and only 6 students have ever admitted to breaking it.

My local credit union stopped using the coin counter because it was getting broken every other day with people putting things other than coins in there, but they still accept rolled coins.

Home warranty will help pay for a broken furnace or washing machine.

I believe you can buy it and not have to upgrade to Pro.