Here's a quick list we use when advising clients:Avoid septic if possible (higher long-term maintenance)No power lines or flood zones (hurts resale/rentability)Good school district and low-crime zip codeNo HOA or landlord-unfriendly restrictionsBuilt after 1980 to minimize major capital items (plumbing, electrical, HVAC)Single-story brick homes rent well and cost less to maintainFor a deep dive, check out the BiggerPockets books “The Book on Rental Property Investing” and “Buy, Rehab, Rent, Refinance, Repeat (BRRRR)”.

I saw this originally at a hardware store.

Moral of the story; many folks use online forms, or store bought documents which they often do not fully understand to save some $$ Moolah - only to create BIG Problems for themselves and others. 

Operating ExpensesInclude estimates for:Property taxesInsuranceProperty management (if applicable, and I would reccomend budgeting 10% of monthly rent for this fee )Maintenance/repairsVacancy allowance (typically 5-8%)HOA fees (if any)Capital expenditures (CapEx – reserve for big-ticket items like roof, HVAC)4.

Think of it like the self-checkout lane at the grocery store – you can complete many more transactions in the time it normally takes to do just one.No Credit Check: Forget about your credit score.

For example, nail salons, grocery stores, restaurants/coffee, etc. will be a better attraction for tenants rather than a traditional medical office.

If the park includes extras like bathhouses, laundry, or a store, your staffing needs increase accordingly.Infrastructure and maintenance are another big challenge.

It outlines 27 items they want. 

The list also inlcudes items that should be addressed in a timely manner but are decidedly not emergencies.

Items that correlate to rent growth are the same item that correlate to appreciation: diverse economy, population growth, rising wages, supply/demand especially constraints on supply, etc.2) do not make the mistake of thinking residential real estate (RE) is passive.