I live in an exceptionally strong medical submarket and have experience in these deals.Once such example includes upfit cost in event of tenant turnover- an example would be having to bear the weight of a $25-$35 psft upfit allowance to a new tenant.

Ladies/Gentlemen

Behold, a service industry professional has infiltrated your mighty forum of some of the best property investors in the country. I know this by reading just a few post by members on this s...

It may just be the lighting of the picture, but even if you can't make more space you can at least try to brighten it up.Or depending on what's on the other side behind the sink and how much effort you want to put into it, you could also put in an opening like in this picture.

In all our homes I install motion detector with lights in front and back .

I could easily imagine a provided ladder could/would be used for less-than-emergency situation (e.g. changing light bulbs, installing decorations, epic rail shots, etc.) 

If they want to be fully involved, mowing the grass, changing out light bulbs, unclogging toilets, etc...

Anyone have any cheap ways to cover up those light colored scratches on dark wood colored vinyl?

I am a huge fan of starting at a community college to get the average weighted cost of the undergraduate down.    

If you need to fix the property, it is better to go Conv or go straight to the FHA 203K loan (light rehab loan).

We have done alot of deals the way Joel outlines, however we see a difference in what we do- light rehab (we refer to it as CAPX, which is the items HUD will require us to upgrade and repair before we can stablize and refinance the asset)- and Rehab is what I think Joel is referring to- total rehab from the studs up (which we would only do in a tax credit asset or 501(3)C bond deal for a nonprofit asset -it is very costly & time consuming).We have found that when you start rehabbing multifamily one thing is always true- always expect to spend more than you budget.