In no way for bragging rights but for insight into the differences in the mindsets of the two groups.When I was struggling financially when I was going to college and I had to learn how to live off of $500 - $700 a month, and when my wife and I got married at age 23 and we had to live off 1-2 thousand a month, I looked at people who charged a lot or at items that cost a lot I felt resentment.

If you look carefully, you'll find a few dozen items that you need to learn about before investing.

I have great stuff like Thermador Oven, Steame, Vent hood the list goes on and I just want to make sure they get the most money for these unused items!

@Tarik NabiClosing costs normally are put into 3 different buckets.1) Currently deductible2) added to basis3) Added to escrow balanceItems that are currently deductible are items like prorated real estate taxes or insuranceItems that are added to basis are title fees, appraisalsitems that are added to escrow are taxes + insurance that are collected at closing for 1-3 month periods until you are required to make a mortgage payment.

You are just buying blind otherwise.Then I would go over each cost item and ask myself why it is that much and if I can cut  the amount..I would even go as far as interview renters and find out what their thoughts are about the location and the property.

I have only ever had one claim on insurance, and we got about 50% of the value of replacing the item.

This is a great list of items for me to ensure are addressed.

Real estate 101.Oh, one other remainder item:  if there is an unresolvable discrepancy holding up a closing between what the seller says and tenants state, have the title company hold an escrow for double the difference. 

I enjoy doing small handicraft type items and selling them at farmers markets on Weekends.

@Logan Koch I would have to agree with Jeremy about setting aside enough for repairs, general maint.. and large items like roof, sewer line, and misc...