Hi Melanie, Owner of Maven Cost Seg here.This is directionally correct, but the part that is usually overlooked is practical eligibility, not technical eligibility.Yes, any income-producing property placed in service after 1986 can qualify.

I see the same thing constantly, especially the mismatch between how the space looks on paper and how groups actually use it in practice. 

I really like Kevin's approach, it is practical and gives you a chance to get familiar with every line item.

I generally take the first qualified applicant, but in the case of multiple qualified candidates the scoring model allows me to decide who the best applicant is and to avoid using discriminatory practices.

Digital receipt storage is another smart practice.

Best practice would be to have a new lease signed.

@Kyle Hoppman You're on track then based upon your pivoting to open up more opportunities.I'm sure your support system is evaluating current operations and aligning market cap rates, for these subject properties, in order to identify opportunities.I often see sellers present an NOI that does not consider standard/practical operating expenses, which presents as if the selling price should be higher - when it shouldn't (if the operating expenses are impractical).After aligning market cap rates and reliable standard operating expenses for the subject properties, are you submitting offers, that make sense, even when it's below their asking price?

This has served me well and is still the best practice in my opinion.However, even with being what I consider quite dilligent scammers can still slip through. 

Focus on neighborhoods with good schools, solid tenant history, and easy management, it’s a practical way to start building a portfolio without overcomplicating things early on.

I will be taking those tips to put into practice.