For example, if you are planning to renovate a historic home, look for a contractor who has experience with historic preservation.

This preserves the landlord’s claim to future rentals under the lease."

I do think that if one is in the stage where they are just preserving wealth then paying cash for properties and having them cash flow like crazy can make sense.

This was after a tenant tried to touchup nail holes using a matched paint and we ended up having to repaint the whole place... not fun.

They're not looking for cashflow as a way to generate cash as they already cash cashing them in their main business :) but they're looking for appreciation and asset preservation.

Tenant will immediately act to identify and remove/clean up the source of any such odors and to ventilate the rental unit or otherwise remove the foul odor upon discovery of it.General --Walls: should be clean, free of dirt, grease, holes, cobwebs, and fingerprints.Floors: should be clean, clear, dry and free of hazards.Windows: should be clean and not nailed shut.

Christian nailed it - you can hire a bad manager without knowing it.But you CHOOSE to keep a bad manager in place.Short leash on all mangers.

This type of rental property retails at 4-5% cap rates, which would be fine if I was just looking to preserve wealth, but I'm still trying to build it.

Yes to everything you describe.Could offer high now, try to wholesale and bail if they can't resell it.Could offer high now, and retrade after they inspect it....this is very common.Could want the property to complete a portfolio.Maybe it is in an area they calculate high growth, high rental demand.Maybe they are more cost efficient than you....like maybe they have low cost of Maybe they have different motivations....like just capital preservation....not ROI....I have a few investors like this...mainly foreign. 

Does anyone  have experience in nailing down potential owners who dont know they want to sell their land (yet)?