Walk into the brokerage in the market you are interested in and ask to speak to the floor agent.

Try the following but have someone look it over before you file it.From top to bottom left to right spaces:1.

I have seen termites eat floor joists out to the very edge and leave the paint intact.

I recently had a units 1st floor flood from a leak in the laundry room, which subsequently destroyed the wood laminent flooring.

It has over 2000 spaces for RV's and small homes and every amenity you could name.

Here's a link to the IRS that discusses real estate basis http://www.irs.gov/publications/p551/ar02.html#en_US_2010_publink1000256941Thanks Justin.From their publication, it sounds like you can only add capital improvements to the basis, not things like replacing broken doorknobs, AC handlers, or redoing the floor, etc.I haven't really had to do any capital improvements so far.

No, I did not inquire about the small print as I don't invest in retail space.

What about turnover costs (when a tenant leaves, you'll likely have to paint, replace some flooring, repair or replace cabinets/countertops, etc)?

I wouldve had about 8k in the deal including EVERYTHING (repairs,utilities, holding time, taxes, transportation costs, contingency etc) but i felt putting in 8k and selling for 12.5k (350/mo @16%, 48 mos) wasn't a wonderful return. 12.5k sales price was with repaired walls, new HVAC system, new paint, but not replacing flooring and several soft spots in subfloor.

Some typical jobs are garage and room additions, kitchen and bath remodels, flooring, painting, roofing, siding, and window installations.