Basically you are better off leaving units empty than rent to someone that is not at least a decent tenant.We use quickbooks for managing the financials.For tenant maintenance items I am old school and just use a notes to-do app that is shared with my lead handyman (who is leaving me in December: Ugh!).

So the chances of someone getting hurt bad go up a lot with those type of places versus a school where mainly kids are being taught a certain martial arts style and some parents take along with them.There are varying business models within the martial arts community so important as a landlord to research what type is interested in your space and why.Also important to know if the school owner has shown success with a bunch of other locations or is this a franchisee that is learning the business on the location they want to occupy with at your center?

@Samantha GoochBelow are some of the main differences between a CPA and EACPA1) Require completion of a college degree with certain classes in accounting, tax, audit, etc2) Require passing 4 exams on Audit, Tax, Law, Business3) Required continued education4) Can practice in Tax, Assurance or Advisory5) Eligible to represent you infront of the IRSEA1) passing 3 exams dedicated to tax2) Required continue education3) practice in Tax4) Eligible to represent you infront of the IRSThe CPA designation is more prestigious because it is much more difficult to obtain.The Tax portion of the CPA exam is more difficult than the 3 EA exams.The other item is that a college degree is not required(Just that you are atleast 18 years of age).With that said, you can have good CPA or bad CPA's.You can have good EA's and bad EA's.Also, please be careful on this webforum, there are many 'tax professionals' that are neither a CPA or an EA.Best of luck

An example of 1 item in a capex budget.

And, of course, there wouldn't be the knowledge or investment without the worker in the first place, so people are always wanting to assign value to these less calculable items (like you, the investor, wants to assign value to the less calculable risks involved).At some point w complicating factors, and without degrees in actuarial science, most of us throw up our hands and decide it's easier to just split 50-50, 60-40, or whatever, assuming both parties are educated and comfortable with the risks and values over the life of the investment.

Then it would fall under an itemized deductions.

The first three properties were all setup by the PM and I felt sometimes there were unnecessary items at the same time some missing necessary items.  

You’ve got to be comfortable with your business model and it may shift and change as you buy additional properties over time.

Deduct the cost from the deposit, send the tenant an itemized list of charges.

I'd say investors are more than just part of the problem.Any item of value that has a larger buyer pool will cause prices to rise.