Always a good idea to have a buyers list.As far as spending goes, do not spend on unnecessary items just to build your credit.

In other words, you need a separate line item for capital expenses such as these.- What about lawn care, accounting costs, legal costs, termite inspections/treatments, advertising, utilities during vacancy periods, etc?

So i'd rather just pay with cash for the items.

(deferred maintenance Items that could be coming up in the near future) Just because you have long term tenants does not mean that you could not have mx issues.

Josh, It was great talking with you into the wee hours of the morning the other day, and I look forward to many more great conversations!

This usually cut's the conversation down to whether or not their interested pretty quickly.

Do we show it as a rental purchase, add the renovations as depreciating items, and no rental income?

Start off the conversation with the attitude of trying to make a friend by finding something you may have in common and then open your ears.

Are you sure you were not insulting to the agent in your conversations?

Building department.Is this sort of conversion common in the area?