The dust analogy is also not quite accurate for all line items.

Hello Drew,I appreciate you asking that question.We give them extremely detailed hard quotes that are described by line item, cost of the material and cost of labor, even amount of workers used per line item.As well we present all the receipts of purchase of the materials and quantities.Our company has over 70 4.9 stars review ratings from Home Advisor so we encourage all our clients and investors to check our reputation as well we can provide referrals from other investors.Hope that answers your questions!

Read it carefully, and don't hesitate to ask questions.Handover: If you're the seller, be ready to hand over keys and any other agreed-upon items to the buyer.Celebrate: Once all is said and done, it's time to celebrate!

@Devang Vora Capex depends on a few things to my understanding; how long you plan to keep the property, the age and state of any of the big ticket items, etc... 

We carefully vet each one, they carry insurance and workers compensation, and they can't get paid unless those items are up to date.

I've been doing a lot of education on putting together a syndication but there are a couple items I haven't found answers for.

One of the big items is that you'll need to get a lead certificate but otherwise it's not too bad as long as you maintain your properties.Also as you noted, the tenant pool in most areas Woonsocket can be "challenging".

Mine just doubled from last year due to the disasters the nation has faced.Maintenance and repairs (these are not separate items) 5% of gross but it would be lower if you are buying a class A or B.CAPEX 2% of grossManagement fees on a SFH 10% of gross.  

Sure, you're not going to jump in your car and drive all the way over there just to change a toilet flapper or electrical receptacle (2 repairs I recently had to do), so just call your handyman and have him knock out a bunch of "honey-do" items in one trip, including the furnace filter (as recently discussed on BP).

So, WHY would people tell me to get these items, let alone a gun, if I could not use them in self defense?