Do not contact Him or his realtor or his mother by text or email - all future communication should be through his corporate attorney and we should fix the dry wall problem in the swimming pool room bathroom and he will be reporting it to city of oak brook on monday for the record4. if items are not repaired in 5 days he will fix them himself and send me a bill5. he went on facebook got a picture of me and my wife at our engagement party from 12 years ago and calls me a dishonest liar and he and his attorney wants to know if we are US Citizens - I am guess this is from our skin color since there was nothing else in the photo to indicate anything "un-american" for point 4 i have reached out to the city of oak brook with details via email and hoping to hear back soon from them monday perhaps) obviously this guy is going to lie his heart out. 

There may be items on there that you want to change, but you will have to wait until the lease expires. 

They are the next items to be updates.

A good HOA will publish a list of all planned maintenance items annually, which I believe they have to by law.

Cosmetic fixers with good bones are best since cosmetic items normally add the most value vs cost to fix them compared to the stuff you don't see (plumbing, electric, roof, etc.).

Until then, notify me in writing of items needing repair and I will fix them or have them fixed in a reasonable time.

I'd get someone in there to look at big ticket items to see when they'll need to be replaced.How are you determining market rents?

And i would like to personally thank you for taking the time to write out such a lenghty yet detailed explanation of items I was overlooking.Quick question in relation to locks?  

You're setting yourself up for failure if you own a rental home and you can't afford to have it managed.If you do not believe that professional management provides more value to you than the cost associated with it, then you can self manage and capture that additional cashflow.  

It is typically best to wait for the inheritance.One item to digest, you could ask your parents to refi the property, do the development you want and are care of the loan payments.