Make sure that you are looking ahead for large repair/replace items...furnace,ac,appliances,etc.

They have a line item for "effective age".

You have to determine the age of things and then make adjustments for wear and tear.Insurance company determine how ACV is determined ... particularly how to depreciate an item.

Explain to the tenant that you incur extra bookkeeping costs if all items are not paid on time.

At the bottom of the letter was a section where they could write down anything about their apartment that was an issue or needed fixing.After the tenant meetings we quickly fixed the few major items identified by the tenants and it's been a smooth transition.

The area has just recently undergone a drastic transformation from a rural area to suburban with numerous stores, condos, and sf homes having been built in the past 3 years.

Your best bet would be to connect with landlords in regions you're interested in and put together a takeoff of big ticket items.

I guess having a local warehouse will save on shipping, assuming I can find a truck :) But the big box store truck rental will be a lot less for a few hours than shipping costs on heavy flooring.

Are you sure the seller is obligated to fix the items you found in your walk through, or is it that you Want them fixed?

Well you had to be a RE professional to take the deduction and or use the new build in your trade or business IE car deal builds new store he got 50% write off..