The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I do the opposite of @Sam Levin.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I tend to look at properties bordering the Hudson River opposite of midtown Manhattan since the transportation and commuting options in the area are the main drivers.

Even if your $30k worth of repairs will go toward major components like a roof or foundation repair, you'll still want to stash away money every month for CapEx, so that sudden, major expenses don't wreck your cash flow. 

My goal is to do the paper analysis with the numbers that currently exist (current asking price, rents, condition, etc), then see what components of the deal are not in line with the market (over priced, under rented, etc).

It actually works the opposite way... we give repeat customers better rates.

If you want to attract more of a beginner crowd, then the education component will be very important. 

You may need to replace the water heater, appliances, etc over 10-20 years; and other components.

We are still in the learning curve phase of investing, and SDIRA's are one component of our tutorials (sometimes hard to keep everything straight!).