Of course it is set aside for anything damage deposits don't cover, and cap ex, though I'm leaning toward flipping every few years to avoid cap ex, as it will eat you alive if you hold forever.

Wallace, what am I researching, I know its in a flood plane and the insurance will eat any positive cash flow.  

Those can be the best kind because someone else paid for the exiting build out, training employees and weeding through the duds, stabilizing and creating a history of sales over time you can track,etc.Those businesses have already created multi-generational customers from the grandfather,father,and son to eat there.Great business opportunity is generally where the owner is wanting to retire, has to relocate, health problems, partnership split, divorce causes division of assets, bankruptcy sale, etc.You want the business to throw off great cash flow on it's own and be established but get the discount because of external operator issues.

using rent credits for sellers concessions is ok Using it to decrease sales price for create a deposit down painter is not OK per Dodd Frank ,  it was creating a financing agreement which makes it difficult to evict the tenant versus having to foreclose  Think of using rent credits for down payments or decreasing sales prices as the same as a contract for deed,  and eating a registered mortgage loan originator to underwrite the buyer 

Still a spring chicken @John Arendsen :-)  I'm in my 50's and have similar personal beliefs but "corporate" beliefs are a different animal.  

If the property operates at a loss he eats all of it.

One at 8, then another at 9am etc) and you can get all your guys in there to place a bid on one day vs eating up your time over a week.

If your beard is so bushy a small animal could hide in it, then yes it's a problem.http://livebearded.com/beardbusiness/A few scientific studies have been done on beards in the workplace, and a study in 1990 even showed a preference for them.

I am solely doing probates for my leads in Metro Atlanta area and I thought it was competitive here, sounds like it is a whole different animal in So Cal.

It may be a different animal but you may want to look at note investing in the US.