, any personal items to be removed/locked up etc? 

The next line item down under terms states: "Any notice to terminate this tenancy must comply with the applicable legislation of the Commonwealth of Pennsylvania (the "Act").

I'm considering doing it as an LLC to reduce liability.Thank youLike all legal items....you should consult with your attorney before making any decisions.

No I didn't install a foam backer rod, wasn't aware of this item, thanks for the tip :)Floor was very clean but not perfectly level as the house is over 100 years old. 

The underlying fundamentals that drive returns for real estate investors are (low) supply and (high) demand, population growth, high paying jobs (ideally in diverse industries for maximum recession resistance), affordability and desirability.

Also if someone will be hammering all day that is a good to know item. 

These are the items to look out for with your tax professional.

Once you take over the cabin there will be other unexpected items you will need to purchase no matter if the cabin is new or old.  

IRS Publication 590 is a good resource to examine these items as well. 

Typically you want to cover all floors and windows and items to remain unpainted like ceiling fans, etc.