Hopefully your borrower is cooperative and you can obtain the last couple years financial statements from him and hopefully he is maintaining some decent cash flow still.  

I maintain that you get the property under contract for <110k.  

The properties were developed by the owner approximately 12 years ago and have been well maintained.

I plan on leaving the pool dry and leave it up to the tenant if they want to fill and maintain it.

It is the responsibility of the seller to maintain a property in the condition it was put under contract in until the closing.

NAR said owners of older homes would "have to make relatively more significant upgrades in order to maintain their energy rating score and property value."

The maintenance cost of maintaining painted floors vs. carpet is much different.

I used to put a small one in each of my units but now I maintain and recharge 2 large extinguishers in common hallways.

We as investors are important to these people, and usually they are willing to work hard to maintain their relationships with us, so sometimes it is better to let them work their but off, knowing they likely won't make the same mistake again.

My only doubt was that I wanted enough units to have a full time employee to manage / maintain but with 50, I should still enjoy a decent (though maybe not impeccable) economy of scale.