Reconstructing a log at tax time is exactly what they look for in an audit.What we track for every entry: date, start time, end time, property address, activity category (we use the IRS audit guide categories: property management, tenant relations, maintenance coordination, bookkeeping, acquisitions research, etc.), and a brief description of what was actually done.

We addressed this by opening up the 1st & 2nd floor dry wall to add a bit more insulation between the wall & the pipes, we added a heat strip with a sensor to tell it when to turn on, & added insulation around the pipes itself.

@Jonathan Ghione Your title has "Detroit" in it, yet your post has numerous contradictions in it.Let's try to address these:1) Built after 1950: most City of Detroit houses were built prior to 1965.

Make sure you know exactly what will need to be addressed and the associated cost.  

I would LOVE to see how they address this issue. 

Ask for addresses and HUD statements, not just stories.* Who controls the rehab scope and budget?

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy + tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

The things I'd be asking a PM about any specific property will fall within their normal filters (would you manage this property, for how much, what would it rent for, what issues do you see with current condition that should be addressed).

Hey, if you PM me the address/Info I can take a look. 

They do have things like lead certificates and rent escrow for repairs that have not been addressed (which is better than allowing tenant to not pay the rent when repairs are not addressed).rent control with nothing that prevents lease termination is useless.