I'd get someone in there to look at big ticket items to see when they'll need to be replaced.How are you determining market rents?

And i would like to personally thank you for taking the time to write out such a lenghty yet detailed explanation of items I was overlooking.Quick question in relation to locks?  

SO point is if your parents want to donate, tell them do it before they die.

You have to include the interest received on Schedule B and if you are paying interest you will be able to deduct subject to itemizing on Schedule A.

The property rented under a two-year lease for $900 a month.The property inspection turned up pretty clean, just a few items like pushing insulation back into place or removing some pending inspection/certification labels.  

We meet monthly; get 12-20 people showing up and paying $10 that is donated to charity.

yes I would get some of these rudimentary items taken care of before you spend money to generate leads and simply do not know what to do with them or how to close them.but for starters wholesaling is really just selling real estate like a broker  ( sans the license) so for those starting in the real estate sales game..

The items that were broken due to the break-in attempt aren't really a big deal, but I know he will attempt to charge me for them upon move out.

It may be cheaper than a professional inspection and I am not a big carpet fan, so you get that out anyway (especially if near end of useful life) and get to see the sub-floor, investigate thoroughly, and treat it if necessary (bleach/water, Mildicide, etc), and explore if there is a source (leak) or not, or if it was tenant negligence....Then you could go from there and call in professional help if needed and explore who should bear the costs, if any.I agree, there is some risk of rewarding the behavior (the complaint, by giving a new floor), but you mitigate it some by making the tenant remove all items from the room and endure some inconvenience.

Another item to consider is an office location that is convenient and has minimal distractions.You can locate your office in your place if you can close it off and has minimal distractions.