There are internal heating and cooling systems, electrical components, hot water heater, plumbing fixtures and a myriad of other issues that are hard to assess for the average home buyer.Realize that you are not going to catch every single flaw or defect on your first run through a home, although there are a few key areas that every home buyer should look at before making a decision.

That is how you need to assess the value, not by what one other property sold for.

- In PA, I can hold for up to 30 days, should I use the security deposit to assess damages and wear&tear, then give them the remaining?

It is up to you to decide depending on your assets and your threat assessment what level of protection will make you sleep better at night.

Screening Highlights City criteria would broaden approvals for people with criminal backgrounds.City to reduce income requirements from 3 times the rent to 2 times the rent.City requirement to provide individual assessments will increase cost and likely require legal opinions for denials.City to require a 3 day waiting period before anyone can apply once ads are live.

Trying to assess my risk here.

HI Cody, A good strategies to implement:- business lines of credit because utilization up to your credit limits on these assuming they dont also report to personal trans/equi/exp bureaus will not affect your personal fico scores- obtain personal lines of credit and credit cards with no cash advance fee's too despite them possibly affecting your ficos because these can be the last line of defense if you really need quick capital- on each BRRR you do, try to get lines of credit on the newly created equity post rehab so you in your wake of BRRR deals you have more and more equity access to your properties fund subsequent deals in the future- a more advanced strategy is to utilize commercial blank lines of credit as they are larger and more efficient and can tie up multiple trust deed attachements and properties into one CLOC to use as opposed to have many small LOC's on each property- keep your DTI debt to income ratios low, keep your DSCR or global DSCR high (total cashflow over your total personal and business liabilites at 1.25X+) so that you're always bankable- work on personal ficos and personal credit as well just so you have flexibility to obtain capital/financing on either business or personal sidesHope that helps but that will set you free above if maintain within a comprehensive investing strategyBest,

UBIT is assessed on a 401k or IRA with income from equity ownership of an active trade or business.

Make sure to get a comprehensive list and then find a GC that seems knowledgeable enough with code to complete. 

Help me make a comprehensive list of all the tax benefits of owning rental real estate!