My back door doesn't openUnreasonable "honey do" list or items that can hit the back burner.......way in the back1.

Materials - could have saved on a bunch of items, now that we know where to go (we bought all the materials and also did the landscaping).

and looking at expected life vs cost of each item.

He's paid:1 - What ever cash he originally put in plus...2 - What ever losses he's incurred over the time of ownership (this would be "zero" if he's cash flowed the entire time, plus...3 - What ever he still owes...in this case $38,500.Since everything else is profit (cash flows), all he really has to do is sell it for more than the total of listed items 1 - 3 above, and he makes a profit....cash flows plus difference of what sells it for and what he paid (items 1 - 3) for it.This is one of the unappreciated advantages of owning rentals instead of flipping.  

Another item to consider: if your contractor can't afford gas to come do a bid, he may lack liquidity and cash to perform his services without coming to you with his hand out. 

The smallest items can help you document your files that this was a surprise and that you really did have the intent to hold for investment purposes.

How do you account for the purchase of staging items?

If you don't have those items in your lease, serve a Cure or Quit.

To be honest I am absolutely pleased with Appfolio,  I just called on Monday for customer support, with a new item, and I had a return pone call the same day.  

And if prices decline, investors may lose a chunk of principal for good.Despite the risks, investors worried about pricey stocks and meager bond yields can be lured by the prospect of a steady income stream and average annual returns that could range from 5% to 15%, if things go well.Don't go overboard.