I would recommend finding the remaining life for the big items (roof, hvac, etc) and breaking out the cost needed to replace/repair.

@Pradeepan VenukanthanBuilding is depreciatedLand is not depreciated.Regarding closing costs, some items are capitalized and depreciated.

Another item that most people don't take into account when comparing RE vs the SM is the fact that in the SM your losses are limited to the money you invest. 

How do you find what garbage an auctioned item might have (i.e., liens, etc.)?

I did the renovations my self after receiving a $30K non-itemized estimate from a contractor. 

Maybe consider just getting quotes for labor and you can buy items second hand from online if need be. 

That price would be normal in my area for a yellow pages/radio advertising type company.If I hired a one or two person licensed outfit it that works by word-of-mouth reference and never advertises it would maybe be $250 total.Regardless of the price, I recommend you get a disposal with the allen wrench fitting to "unstick" it if it clogs instead of just a local reset button.Garbage disposals are my most replaced items.  

Originally posted by @Tom Gimer:Tom I have been approached numerous times on BP  and other things like Linkden and facebook by faux lenders I go ahead and let them  go through their elevator pitch what they do and those that really don't know what they don't know about the world of lending and finance is they provide things that we know are not germane but the person they are targeting gets impressed by those items..

(for both the sales floor and for employee areas, for purposes of loss prevention)  Does "smile, you're on camera" really mean "please sue me as I am exposing myself to liability" in the state of NJ?

Of course, I am not talking about big item issues that cloud the title.