The greatest thing was his $400/month tenant maintained the backyard, swept the hallways and stairs, and swept the sidewalk every morning.

After closing I discovered the wastepipe between house and sidewalk was broken which was expensive and there was frequent work necessary over the next few years.

It's a social expectation in Minnesota that there is jogging/walking trails, ample sidewalks, well lit streets, playgrounds and parks in EVERY neighborhood, free zoo's, free beaches galore.......There is a reason why Minnesota is a TOP tourism state, and Minnesota invests wisely into it very heavily. 

You want them to only be able to go after that one property that didn't have clean sidewalks. 

Price doesn't look awfully high.A couple of possible issues making the sale harder... it's directly across from all that multi-family and it can get a little spicy there, people turning the sidewalk into a little block party, out on the sidewalk a lot, etc. 

D locations within that market raw materials for the essentials cost the same (lumber, sheet rock, PVC, smoke detectors), the cost to pour sidewalk costs the same, the cost to replace a curb trap or water service line costs the same.

Everyone was complaining about it in my local real estate meet ups saying how expensive the new requirements were (Sidewalks, underground utilities, updated IRC, the list goes ON).I spoke to the largest developer I know and he said he welcomed all of the changes.

Assets identified in this study include:Recreational Facilities: pool and pool deckSite Utilities and Infrastructure: Utility connections, signage and site lightingLand Improvements: Sidewalks, landscaping, fences, parking spaces62.28% of the total depreciable basis was classified as 27.5-year class life.

Patch holes, sand rough spots, and use quality paint for a long-lasting finish.Step 43: Fixtures & Finishing DetailsNow for the small details that make a big impact:Lighting: Install recessed lights, pendant fixtures, or ceiling fans that complement the home’s style.Hardware & Accessories: Swap out doorknobs, towel bars, and mirrors for a fresh look.Safety Essentials: Install smoke detectors, GFCI outlets, and other safety features to ensure the home is functional and up to code.Step 48: Final Cleaning & Make-ReadyWith everything in place, it’s time for a deep clean:Exterior: Pressure wash the driveway, sidewalks, and any outdoor surfaces.Interior: Clean windows, floors, and countertops until everything sparkles.And that’s it—you’ve officially completed a full rehab!

.), appliances, carpet, and furniture used for residential real estate.7-year Property: Office furniture and fixtures (desks, filing cabinets, safes)15-year Property: Certain improvements made directly to land or added to it (such as shrubbery, fences, roads, sidewalks, and bridges)There are multiple approaches to cost segregation studies including the Detailed Cost Approach, Detailed Cost Estimate Approach, Survey Approach, Residual Estimation Approach and Sampling Approach.If you feel like you or your business could benefit from a cost segregation study, first speak with your accountant to see if the tax savings outweigh the potential costs.