If you're any more than 0% through the useful life of any of the major systems (heating, roof, etc) you may need to adjust that number accordingly.Same for Vacancy and Repairs.

Back in tech, I majored in Plumbing and Heating and while I excelled at it, my trade just didn't pull me in for a lifetime career.

Does it have central heat and air?  

When I look at an investment rental property I want to make sure it's in a good area so I use crime heat maps and look at the attractions nearby.

It has a large garage I use for storage, but still keep the house heated. 

Also, snow removal, if you live in a climate with snow and ice.Landlord Responsibilities: Landlord will at all times during the tenancy keep the premises fit for human habitation, and shall in particular:a.Cultivate, care for and mow surrounding grass, lawn, flowers, and shrubberyb.Maintain the premises to substantially comply with any applicable code, statue, ordinance, or regulation governing the premisec.Maintain the roof, floors, walls, chimneys, fireplaces, foundations, and all other structural components in reasonable good repair as to be usable and capable of resisting normal loadsd.Keep any shared or common areas reasonable clean, sanitary, and safe from defects increasing the hazards of fire or accidente.Provide a reasonable program for the control of infestation by insects, rodents, and other pests at move in f.Except where the condition is attributable to normal wear and tear, make repairs and arrangements necessary to put and keep the premises in as good condition as at move ing.Provide reasonably adequate locks and provide keys to the tenanth.Maintain all electrical, plumbing (main lines), heating, and other facilities and appliances supplied by Landlord in reasonably good working orderi.Maintain the unit in reasonably weather tight conditionj.Provide facilities adequate to supply heat and water and hot water as reasonably required by the tenant

@Shayne Mahoney  I don't do a lot of rentals, but as a MA Realtor (and as a landlord) it is highly illegal to discriminate against a potential renter because they receive any form of public assistance.If you look at the crime heat maps on Trulia (about the only thing it's good for), you can get the lay of the land. 

The barn is not fully insulated and doesn’t have heat, so in Michigan, that leaves only about 6-7 months of wedding opportunity. 

Brand new cabinetsBrand new graniteQuick Bench (LOVE this in small apartments)Egress WindowNew wall heater (also has central heat but it's controlled on first floor)New baseboards and quarter round installA couple thoughts I had after the project was done. 

Roof, Electric, Plumbing, Central air/heat recently done (3 yrs approx).