@Dain DaVirro It is based on how much excess cash flow per property.

Your incorrect assumption is due to the fact that you have not properly accounted for the time value of money or the benefits of compound interest on excess cash flow.

Could include heating/air, oven, dishwasher, washer dryer.Rekey locksClean out exit plumbing so the new tenant starts fresh and any hair clogs will be the new tenant's.Make sure fans (kitchen and bath) are functionalFlush and inspect water heater.Check under sinks and around toilets/showers for any signs of leaking/moisture damage. 

Internationally diversified, which means you dont have to do a US based brokerage or trade firm.52% of 1MM, is 520k.Assuming,a nd this is excessively conservative, that the mix ONLY DOES 10% per annum, thats 52K, and thats assuming you NEVER grow, you NEVER compound, and that the other 48% just sits on its ***, which the Chinese, Russians, Peru, and Swiss are doing anything but.

At one point I was tracking in excess of 40 liens.

Did the contract include any excessive seller-paid expenses? 

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

In your first picture, it looks like there could have been some moisture on the wood that has a seam.

Benefits1. you can charge higher than typical market rents2. instead of renting out the unit in whole, you can rent each unit by the bedroom (which allows you to get higher rents)3. you make the parents guarantee the rents You're concerns should be the following:1. only getting approximately 8 months of rent during the school year (unless you make 1 year leases mandatory)2. excessive wear and tear inside of each unit3. risk becoming a "nuisance property" with the local authorities - depending on how many times cops are called for parties, noise, etc. 

I told her $35k each time to try and dissuade her from changing but she didn't care....The average number of COs became about 40 per project, usually totaling in excess of $250k.