If you're flipping a house,for example, no one is going to give you an extra grand for that pricey light fixture, but they may give you a couple extra grand for good quality granite counters. 

But in the absence of a rationale, and in light of how this comes almost two months after the routine inspection and how the only person communicating with me about this is the local Nationwide office's receptionist, it seems like someone needs to resolve some end-of-year shortfalls.

Hi Nat,Rustoleum makes primers for light rust and for heavy rust.

Me: "light bulb goes on" damn you...After thinking about it, he was completely right, so here I am and hopefully someone at BP can shed some light on the below:I am at the point where if I don't take some action, and do it I am going to be that guy who is 50 who never did anything in real estate but is still looking for the first deal...I went on LoopNet and Redfin, started finding 5+ units for sale.

$15,000 is very light repairs in our region.

Depending on how much you're comfortable doing yourself e.g. fixing leaky faucet, changing light fixture, cracks in wall, new paint, 10% of rent per month is a reasonable first guess.

So after much thought and consideration of a variety of variables here's what I gonna do:Invest about 10-15% in some solid ETF's.Park about 25% with a well established HML.Invest about 25% in some 1st TD'sInvest about 25% in SFH's or 1-4 Unit MFP'sKeep the other 15% in $$$ for a rainy day emergency fund.It really depends on your appetite for risk vs. reward and your motivation to stay personally involved and hands on with being a landlord which I've been for decades and I'm over it.No more lighting pilot lights and fixing leaking pipes at 3am for this kid.

Inside the premises we find damage from their burning candles for light (electricity turned off by power company for non-payment), smoke detectors dismantled, broken window, etc.

And remember running in circles there through a packed gym  in rocks springs under the spot lights when they played eye of the tiger for wrestling meets..like late 80's....Looks like you are off to a great start...I am definitely going to check out your blog.....and send you a colleague message.Best of luck

Through our uniform construction material and methodology process, we are able to mitigate lots of risk to the owners, ourselves and tenants, plus we know and the investor knows exactly what goes into the property and why, we can control materials and implement resilient products throughout, everything from paint, flooring, sinks, light fixtures, tile, furnace to hot water heater.