We initially offered $15k in concessions, which was decreased to $8k, but then we got nearly 100% items on the inspection report resolved before closing.How did you finance this deal?

., etc.Other than age-specific issues like LBP and asbestos, the things I'd look for on an old house would be much the same as what I'd look for on a newer house--these things would include: signs of water diversion failures (such as rot, peeling paint, masonry damage), settling/structural issues (one of my few "deal breakers"), the type and age of plumbing, HVAC, and electrical, condition of the roof, the condition of the sewer main (scope it), the type and age of windows & doors, a meth test, a radon test, etc. etc.I have properties from the 1910s, 40s, 50s, 60s, and 2000s, and frankly--the older properties are often my favorites, and some of them are the best-performing properties in my portfolio.Just being an old house doesn't--in and of itself--make a property "good" or "bad".In some scenarios, older houses can have big advantages over newer houses.In my opinion, the idea that “new houses always cost less to maintain than old houses” is one of the biggest misconceptions among inexperienced investors! 

Evictions were only allowed for safety items. 

I've considered simply inputting into the spreadsheet the total income/expense from my PM as a single lump sum every month, and then adding only the other expenses (insurance, property tax, loan interest, remodeling costs) as individual line items, since there aren't as many of those. 

We initially offered $15k in concessions, which was decreased to $8k, but then we got nearly 100% items on the inspection report resolved before closing.How did you finance the deal?

Ad Valorem Tax is based on an item’s assessed value, so ad valorem property taxes refer to the assessed value of a property.

Not a bad price, I would have the co tractor break the quote down in labor/Marerial and line item everything. 

The property manager will send you an itemized statement and security deposit refund (if any).Document everything and request a pre-move out inspection if you think it will help.

If you wish, you can have a "welcome package" sent to your new tenants upon move in.. it comes with a nice note and a nice assortment of items that are useful when moving into a new place. 

The economy is diverse, jobs pay well and the housing is not ridiculously overpriced like GTA or Vancouver area.I agree with Kris, stay away from Condo's here as the market has been saturated for a few years and builders have been sitting on empty units for a lot longer than they used to.The good news is you can purchase multi-family units that generate positive cash flow and it is one of the few places in Canada where this is possible.Good luck with your investing,