Looking for drywall, floors, ceilings, window replacement, etc.

(I know, first-world problems...)As for linens, get really nice ones, and be prepared to replace them when they start to wear or become dingy.

I would say you need to plan for the following to happen to you during the next 15 years:- May need to drop rent by $200/month for a while due to market conditions- May have 2-3 months of lost rent due to vacancy and/or eviction- Broken garage door opener, hot water tank, furnace, or appliance requiring a repair man and possible replacement- Need to replace carpets or re-paint the entire unit and it's not covered completely by damage deposits.- HOA fees and taxes continue to go up every year but may not be possible to increase the rents due to market forces.If you have a good W2 job and you can hang on for 15 years and cover these situations I would actually say you should keep the place!    

@Deanna McCormickn, Wiring, ducts and conduits, plumbing stub outs and framing studs were in place, permitted, and inspected prior to his moving in (I had replaced the entire HVAC, ducts and hot water heater).

Two months after move-in, contractors begin replacing or repairing the concrete balconies.

In case 1 - the couple sought a contractor to inspect the foundation, who's report didn't speak to the status of the current foundation, but instead just provided them a $40,000 quote to REPLACE the foundation.

I'm done a lot of drywall replacement and patching, but only one house did we take down to the studs and redo the entire drywall.Mike

I have a few homes that I need to start replacing windows.  

Found out for sure that the roof needs to be replaced.

I just mention those as andidotal stories because I like to tell stories and I have been developing land since the late 70s and I have a lot of them.In CA it can take decades .I just did 7 lot split in North  Charleston SC and that was done in 120 days start to finish.. but it was on existing streets.... so just platting.I have a 23 lot project in Portland going right now... we will put the first stick in the ground 2 years from when I went into contract.. we started the underground in July and will pave next week.to be fair we have had a brutual winter .. and my excavator failed a Sewer pressure test and had to replace 300 ft of main line ( on his dime).. but with those two things we are 3 months longer than we like and with a 1.2 mil loan even at 6% its 20k in extra holding cost.When your doing development any dollars less than 100k are just small bills  LOL.