Lack of communication, lack of follow through on maintenance items, charged for things that are not our responsibility, I could go on...At the moment, we have only one property, but we've got money for one, possibly two more, but I have zero comfort level in Memphis PM.Thanks.

So when you have a deal you email the lawyer the deal terms and whatever other info he needs he puts it into the template docs and advise your client roughly legal fees are xyz and the other costs of tile and so forth are standard. you want everything documented, all items notarized and recorded.

Networking to find contractors in the Cincinnati, OH area who provide detailed line itemed costs and communicate well via email.

My area it is $6 sf to replace with lvp. assume 1200 sf of flooring. 1200 sf * $6 sf= $7200/ 10 year life span /12 months in a year= $60 per month with one item.

I don't know how I can change the flooring, while I have a tenant in the condo. (1) It would be very expensive to get all of it done (having my tenant move out, have all his items in storage, change the flooring, and then move the tenant back in again) (2) asking my tenant to move out and live somewhere else, while COVID-19 is everywhere, also seems risky - if my tenant gets ill, I am not sure if I might get hit with liability claims, etc..   

Get agents excited about your house....I can tell you what a lot of agents think about that compensation...and it is not a good thought.I can't tell from the pictures if the cabinets and some other items are purple or not. 

These are just some items in my capex budget, roof 25 year life span, floors 10 year life span, appliances and hot water heater 12 year life, hvac 20 year life span, bath and kitchen remodel 20 year life span,etc. 

@Brandon DuensingBiggest expenses to be mindful of are the more obvious big ticket items.

@Tim Herman, thanks for pointing out those items that I am missing.

@Guevara M. tenants don't really care about any of that except maybe an updated kitchen and some may like the lack of carpet, but understand if you do any of these items you are doing it for however long you plan to live in the house and it is not an investment.  2009 is not old for a rental in most places and tenants will see it as updated compared to most of your competition.