Be sure to get a copy of the new key in case you need to get in the premises for emergencies, routine inspections, or to turn-over the premises when the tenant vacates.

Unfortunately, the level of differed maintenance was more severe than anticipated and the 100% occupancy was propped up with people who hadn't paid rent.

You may have a 2% deal on paper to only learn later the tenant quality, neighborhood, maintenance, etc will kill your returns. 

Therefore, we will save on some basic remodeling/maintenance. 

I suppose the sprinkler system could be converted to drip irrigation and we could have some nice low maintenance plants installed along with granite.

If your basic expenses are $1125 and rent is $1200+, you haven't factored in repairs, vacancies and maintenance. 

Giving them copies of forms for maintenance and how-to is a great idea.

@Brandon BrewartThe repairs and maintenance number we normally use in our underwriting is $500-$800 per unit per year. $250-$450 per unit per year for contract services and $250-$350 per unit per year for reserves.

Even though these are "low maintenance" yards, the houses still have a lot of costs associated with them

Maintenance and maintenance in between each guest 8.