In either case, you can't work on the property as it must be a passive investment (e.g. you must hire someone to fix the toilet and can't pay the expense with non-retirement funds).7.

I just had a situation where a tenant had a leaking toilet and informed the property manager.

I used to keep extra everything at every property (Mini soaps, Toilet Paper, Paper Towels, cleaning soaps, coffee cups, etc) but realized that I had a LOT of cash tied up in stuff that would only someday be used.

HVAC would want $300.Replace minor parts like agitator dogs, toilet flapper, light bulbs, etc in 5 minutes. 

Check foundation, look for cracks in the drywall especially around doorframes, check framing, check roof, check for mold, check for rotting wood (tub surround, toilet base, flooring, under sinks, inside cabinets, the deck, eaves, trim)).2.

You are next store so you should know.If the current occupant was squatting for 10 years or more, notoriously, if that's the adverse possession period in your state, why would the local government who owned it sell it originally, not checking if it had squatters?

I'd buy some bags of fruit, beef jerky, cigars, 40 oz beers, half pints of liquor, toilet paper, hustler magazines, microwave popcorn, chocolate candy, etc. and put them in a box. 

Consumables such as toilet paper, paper towels etc will also have to be estimates until you know what your consumption is broken down on a per night perspective (the best way to average it over the year assuming you won't ever achieve 100% occupancy). 

In either case, you can't work on the property as it must be a passive investment (e.g. you must hire someone to fix the toilet and can't pay the expense with non-retirement funds).7.

. $200 pet deposit wont cover squat......