3) Is there a chart of the "Big Ticket Repair Items" and are there costs that I can look at to factor into my "Numbers Analysis" that would allow me to extract a (Best Case or Worst Case) analysis?

A lot of people visit year round since we have 3 large Universities (USAF, UCCS, CC) as well as large hospitals, and several military bases - this leads to a lot of visiting family.

For instance, while I've been to Austin, TX, I haven't been to Riverside or Round Rock.

If first round of testing doesn't look good, they will bore into the ground to look for soil contamination. 

I'm rounding to the nearest thousand to make the math easier.Purchase price 67kClosing costs 2kHard money costs, private money costs, carrying costs 4k for 4 months.Rehab (private money lender portion) 20kOption fee we get back 4kTotal in 89kARV 120kLong term Loan 77k (84k is 70% of 120k but be conservative and say they only give me 70% of 110k)More closing fees for long term loan 2kLong term 2nd position private money lender 15k at 10%Total left into the property -1k (89k-77k+2k-15k)Monthly rent $1050Loan payment $530 (20 year at 5.5%)Taxes & insurance $120Investor interest only payment $125Cash flow $275 split between my business partner and me.Purchase price to seller 137k for a 3 year lease option.The tenant buyer came in with the 4k and asked if he could paint it and put the flooring in before we had finished the rehab.  

The bigger custom projects I do are what I enjoy the most and in terms of retail, are bigger ticket items. 

It's been 7 years since we had our last event, and we wanted to give our Pro and Premium members an early opportunity for (and Early Bird discount on) tickets to the event.This Conference WILL sell out!

Lots and lots of sweet iced tea because it's the cheapest possible sugary beverage to be had.How filthy is the lottery ticket area?

Their taxable income and tax returns will look the exact same based on everything you laid out.Distribution in excess of basis may be a concern in Sally's situation, but if she's working with her tax pro year round (and not just in the spring), she'll be aware of this and they can work to mitigate or even eliminate it. 

Maybe in your lease you can add (if you don’t have) that the tenants are responsible for fines related to garbage tickets.