Hi Ethan,  some big wheels on this site have a 1% rule... rent should be no less than 1% of purchase   2% lot better...  

Oh, and wouldn't these top-level, management actions trips (and the Mad Greek lunches - or 'Awful Awful' burgers at Jerry's Nugget in Reno - and other 'reasonable entertainment') also be business expenses?

But you don't see mcdonalds telling Burger King how to make a burger.

The latter can perhaps benefit more from a training program on flipping burgers.

But as @Terry Burger says...

Unless you flip burgers.  

This would be similar to what Burger King does when they look to start another Franchise.

The team will start the repairs necessary to prepare the house for occupancy.That said, here are some details of our 2nd deal: Location: Toledo OH Type: Single Family (2/1) Purchase Price: $23,000 Estimated Repair Costs: $4,000 After Repair Value (ARV): $38,000 Market Rent: $700 2% Rule / Rent to Price: 3.04%% Cash on Cash (COC): 18.89% Cash PurchaseThis is a long-term buy and hold.

Ray Crock didn't flip burgers and Donald Trump doesn't plunge toilets.

It's damage to your property and they should pay for a new one or to get it repair.The book gives this example: Even to flip burgers, minimal wage workers go through extensive training.