To maintain our standard of living and travel the world like we want, we will need to supplement our income however.  

Which is an important part in maintaining great property management.

Sure, adding value and increasing NOI would be nice, but as long as I could maintain the current NOI, id be happy, for now....w

Fortunately, there is an accountant here in Houston that will put it together and handle all the maintainence for you.Google "BORSA" and you should get what you are looking for.....

, the tenants were quite fine, and actually pretty excited about the idea of the repairs :)We just strived to maintain open communication with them throughout the process, and showed that we respected the property itself, as well as respected the tenant's time and how they have made it their home as well (by showing that we want to fix it up for them to provide a better place for them to live).Granted, we could have just lucked out an have easy-going (and logical) tenants, but in sum, I think being respectful of the tenant's time and space, and showing objective reasons why the repairs will benefit them goes a long way in rapport building and getting the job accomplished.

Items that you will have to replace eventually no matter how well you maintain them.

That is why a window and screen were broken more then likely.And it’s just lazy to Fill out a form to be reimbursed to fix what law enforcement had to do to help maintain a safe environment.  

My thought is the mortgagor probably can't come up with the cash it takes to redeem if I maintain the property, pay taxes, etc...but I'm sure the mortgagee can.  

The lender sometimes requires an administrator to take payment from the corporate tenant and then distribute any leftover proceeds to the investor who owns the property.The corporation also sometimes makes payments directly to lender on a loan you would be assuming for structure so that the tenant protects their credit rating and borrowing power.A NN lease is where usually there is some expense to be born by the landlord either the roof, structure, parking lot, maintaining utilities for access and repairs, etc.The caps tend to be higher but you have costs as a landlord.GSA leases (government sponsored agencies) typically are not pure NNN but have a NN component.

One of them keeps his maintained and takes care of issues, the other not so much.