There is good and bad income that comes into a property and line items in a historical budget statement can tell you a lot about a property and how it has been run and what may be inside the numbers that a current owner and/or broker may be trying to hide from a prospective buyer.

The two main items to understand is the zoning as well as the environmental condition of the property.

What are some "must have" items and situations that should be included on this type document?

After time, however, I decided that I would go just a little bit better than the cheapest items.

And it tears and scrapes when heavy items are dragged across (that's the biggest problem I've seen).

Including a budget item of a few thousand specifically for surprises helps.

Commercial is not stuff so you can lock them out and than keep all of the items in the store for payment and breakage of lease.I bet if you change the locks and enforce the lease to the fullest extent of the law you might see a huge change in their attidudes

I liked seeing which items you were able to repurpose. 

This is a non negotiable check list item for you.We both know that every tenant signs a lease in order to get the keys to an apartment. 

Cost of certain items are relatively fixed.