This is intended to represent the maximum amount of rent you could possible collectSubtract Loss to Lease - If market rent is $1000 but someone has a lease for $900, you "lose" $100 every month until either their rent is increased or someone new moves in.Subtract Physical Vacancy - Pretty obviousSubtract Non-Revenue Units - If you have a unit that is unrentable, such as one turned into an officeSubtract Bad Debt - Here is where you capture the rent that should have been paid but wasn'tThe total of all of these should equal the actual rent you collected.In the apartment space, most of us use purpose-built accounting software that handles all of this. 

It is neglectful and dangerous to direct all to step into a casino and risk it all, because a very few will win. 

If not, then you may want to retrade (request a price adjust) in return for waiving this.3) Physical inspection (30 days) - Get someone that knows (like a licensed fee inspector) and go thru EACH unit and common areas. 

You'll need to go to either register on the county's probate court system, or physically go down to the courthouse.

Most investors are DIY, live in  their neighborhoods they invest in, or have partners.My initial challenges:- I'm not physically in the U.S. - I can only take phone calls and emails, maybe even skype or video calls. - I can't really 'vet' a team of contractors, property managers, and good luck working with a RE Agent. - No 'eyes on' the property.- No 'boots' on the ground. - I can do research on a property, but I still won't know the area well enough unless I lived there.

So far BP has been great resource and I'm excited to be part of this community.After reading about budgeting for vacancies, capital expenditures, and other expenses, I was curious to how you physically handle that money after you complete the process and have tenants.

Projects take a lot of planning, preparation and mental, physical and financial energy and resources to complete.

One good thing about them is you don't have to be close by them since there is no physical management.

.), and of course the property itself (rent roll/estoppels, expenses/financials, NOI, DSCR, vacancy rate, location, level of stabilization, age, physical condition, etc.). 

To be clear, people with legit disabilities (physical, mental, emotional) should have every accommodation to help them in their every day lives, which are hard enough as it is.