However, maintenance costs should be incorporated into your prop analysis before you purchase and should not reduce your expected returns unless something major comes up unexpectedly.Fees charged to the tenant for late payments etc should usually be split 50/50 - half to the company for doing the work of chasing down payment, half to you because it's your property and you had to wait to be paid.As James said, do your own due diligence and get independent appraisals and inspections.

I was asking for suggestions on approach although I have my own style of approach I was wanting to incorporate other people’s ideas that lined up with my own.

Originally posted by @Michael Ealy:Originally posted by @David Friedman:@Michael Ealy, Have you ever incorporated a historic building into one of your hotel developments?

Definitely not my best investment.Since you have $300k saved up, look for MF(multi-family 6 units or more) and incorporate PM (property management) as part of expenses may make more sense. 

Now I am aware and we can move on, but seeing as this is the internet and first impressions are so strong my best bet at getting any further advice would probably be to go back to the drawing board, incorporate what I've learned and rephrase my questions. 

But hey, we've incorporated the only protection against liability right?

I've incorporated BP into my daily routine by setting it as one of my home tabs. 

Engineering obviously with numbers, spreadsheets, creative problem solving, and my career in Aero was in corporate so just learning that kind of business structure helped too.

The income that you are generating either falls on a schedule C or you have it incorporated in an LLC which is a K1.

Especially the idea to play with the numbers of the offer a bit, I'll incorporate that into the next offer.